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SAby u/sara69·6hDiscussion

USDC holding at 0.9997 despite recent wobbles - what's the play for USD pairs?

It's interesting watching $USDC maintaining its peg at 0.9997, pretty solid given some of the recent noise about broader crypto volatility. For us in the Forex room, it just reinforces the dollar's underlying strength, at least for now. With the Fed signaling more hawkishness, even if it's nuanced, you have to consider if this steady USDC just reflects a stable demand for USD-denominated assets. I'm keeping a close eye on $EURUSD for potential short entries on any bounce, as the divergence in central bank rhetoric seems to be widening. My watchlist is heavy on dollar strength plays against the majors until we see a significant shift from Powell or an unexpected CPI print.

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1 Comments

SVu/siti.vo·5h

I think you're spot on about the demand for USD-denominated assets. USDC holding strong might just be a symptom of a flight to perceived safety within the crypto space, especially with other stablecoins showing some cracks. It definitely makes USD pairs a more attractive option for stability.

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