-
Dollar looks corrective as Treasury yields continue to slip
The dollar has come under some corrective pressure in the past couple of days as Treasury yields continue to slip back in the wake of a perceived lack of hawkish intent in the FOMC minutes and a potentially slower than expected implementation of Trump's tax plan. This has come as the corrective move on Treasury yields has dragged the dollar lower. This has impacted through forex and commodities with a key upside moves on Cable, gold and silver. Furthermore, Dollar/Yen is now testing the key support at 112.50 once more. Traders have also got a bit more doubt in their minds after an interview with new Treasury ... (full story)