According to @KobeissiLetter, the Chinese Yuan has appreciated to 6.91 against the US Dollar, reaching its strongest level since May 2023. The currency is on track for its seventh consecutive monthly gain, marking its longest winning streak since 2020-2021. This performance also places the Yuan as the third-best-performing currency globally in recent months, highlighting its robust momentum in the foreign exchange market.

According to The Kobeissi Letter, while the S&P 500 surged by 5% over two days due to 'tariff de-escalation' headlines, the U.S. Dollar Index ($DXY) only increased by 0.2% today. This indicates that the U.S. Dollar is not reacting to these headlines in the same way as other assets, suggesting potential caution for traders focusing on currency markets.

According to Greeks.live, Bessent has taken long positions in the EUR, JPY, and CNY, indicating a bullish outlook on these currencies. Traders should consider this positioning as a potential indicator of expected strength in these markets.

According to @GreeksLive, seasoned investor Bessent holds long positions in EUR, JPY, and CNY, reflecting a strategic view on these currencies. Traders may consider this as an indicator of potential bullish trends in these currency pairs. Source: https://t.co/yGlHLjspbM