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Fed's aggressive approach to suppressing interest rates has made prime funds less attractive; some are being shuttered.
Shortly after economic adviser Larry Kudlow said the White House had “ruled out any currency intervention,” the president directly disputed this claim.
Small reduction leaves China at lowest level of U.S. assets since 2017.
Treasuries buying wave triggers inversion that is a fairly reliable harbinger of recession within 18 months.
Historically, inversions have been an early warning sign of recession, but analysts warn about reading too much into today's news.
Trading in currency options picks up after moves by the BOJ, ECB.
U.S. currency's weakness expected to persist as central banks normalize policy.
The correlation seen this year explains the split with short-term rates
Just $456B of assets likely to move back into dollars, says JPMorgan.