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Jan 07 - 09:55 AM

USD: Georgia Democratic Victories: What Does It Mean For USD, Commodities, Metals, And Crypto? - Citi

By eFXdata  —  Jan 07 - 08:46 AM

CitiFX Strategy offers a comprehensive assessment of implications from the Georgia Senate Democrat victories. 

"Bottom line: The outcome of the Georgia run-offs is very significant in two ways: i) by increasing the scope for policy changes, including even more fiscal stimulus and ii) strengthening the MMT (money-financed stimulus) theme in the US and globally," Citi notes. 

'In markets, the outcome supports a significantly lower USD, higher and steeper US rates, higher breakevens, lower real yields, and higher prices of commodities, precious metals and cryptocurrency," Citi adds. 

 

Source:
Citi Research/Market Commentary

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