Dollar bounces with yield lower, but can it last?
Whilst focus has been on moves on the yen for much of this week, the dollar has been hit with some significant volatility in the past 24 hours. Reports out of China suggest that officials are recommending scaling back or even halting purchases of US Treasuries amid concerns over the two countries’ trade relations and also the debt supply. This spiked Treasury yields higher and saw the dollar in a tail spin. There has been a recovery of sorts this morning, as US yields have pulled lower from yesterday’s 2.59% high back towards 2.53% today, and the dollar bulls have regathered themselves, but the legacy of downside dollar pressure remains. If ... (full story)
- Posted: Jan 11, 2018 3:57am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 884