The US dollar turned in a mixed performance over the past week. The technical indicators continue to support our expectation that after correcting since mid-December, following the Fed's hike, the dollar is basing. A seemingly necessary precondition is higher US rates. The US 10-year yield bottomed near 2.30% early last week and finished near 2.45%, after having pushed through 2.50% earlier.. The 2.50%-2.57% area is a band of congestion from last month. The March note futures peaked at 125-13 on January 17, and by the end of the week, it was flirting with the 50% retracement of the gains since the Fed's hike ... (full story)