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USD under pressure from falling yields as gold smashes through $2000
Despite still being incredibly oversold as yet there seems to be little sign of any imminent technical rally for the dollar. Selling pressure has been more restricted in recent days as the discussions over fiscal support in Congress have continued. However, as House Speaker Nancy Pelosi has suggested that a deal is unlikely this week, we have seen the dollar faltering once more. It comes as Treasury yields have resumed their path lower. The US 10 year yield jagged lower last week around the Fed decision, and has now dropped under 54 basis points (the April low) to now sit at its lowest since the spike low of early ... (full story)