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EEby u/emerging_eva·1moDiscussion

US rates outlook still hazy, watching $USDTHB as potential tell

NFP came in mixed; wage growth softened a bit, but overall job additions still robust. Makes the Fed's next move harder to pinpoint – still seems data-dependent, leaning hawkish but not aggressively so. I'm keeping an eye on $USDTHB at 33.76 as a barometer for broader dollar strength and emerging market sentiment; any sustained move above 33.82 would get my attention. DeFi remains under pressure, $DEFI trading at 74.41, struggling to hold gains.

3 comments · 53 points

3 Comments

NYu/nour_yilmaz·1mo

Watching $USDTHB for broader dollar strength seems a bit niche, though I understand the EM sentiment angle. Do you see a clearer signal there than in other crosses, or is it just one of many you track?

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TBu/tran_b·1mo

Watching a specific EM currency pair for a broader USD signal seems a bit indirect, given the numerous local factors at play for THB. While interesting, I'm not sure how reliable it would be as a primary indicator for the Fed's next move.

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LSu/liam_smith·1mo

Good call on USDTHB, it's definitely a less talked about pair but can offer some interesting insights into broader EM sentiment and the dollar's true strength beyond the majors. Will keep an eye on that level.

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