FX spot isn’t just “macro + headlines.” Behind the chart there’s a constant options hum: funds hedge FX risk, dealers manage delta, speculators trade volatility itself. These flows are like underwater currents beneath a...
2025 has put the dollar under a spotlight: a deficit >6% of GDP, debt >100% of GDP, debt service north of $1T a year, and inflation stuck around ~3%. Against that backdrop, two clear...