The New CS Board

[jumanji0881]

So, how does this logic work ? -
Potential debt default sends bond yields higher which causes US$ to strengthen. But, if the US were to default, would the US$ be worth more because of it ? Sure rates should go up to compensate for the higher risk of holding US debt (and some would say due to safe haven buying), but a higher US$ ???

Washington Worries Spark Dollar Buying-Panic; Bitcoin & Bullion Dive : https://www.zerohedge.com/markets/debt-ceiling-doubts-spark-dollar-demand-bitcoin-bullion-dive

Excerpt:
The ongoing debacle in Washington is not helping anything into quarter-end, as debt ceiling doubts have sent USA sovereign risk to cycle highs once again... that's near the highest level since the 2015 Debt Ceiling chaos