Cross-Currency Basis as a Real-Time Gauge of Dollar Funding Stress
The cross-currency basis is a free, boring FX plumbing number that turns sharply negative when the world runs short of dollars, often before the DXY or crypto react.
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The cross-currency basis is a free, boring FX plumbing number that turns sharply negative when the world runs short of dollars, often before the DXY or crypto react.