Bond yields in Germany, UK and US continued to ascend in the first half of Thursday’s session, thus keeping US index futures under pressure. But the US dollar fell for a change, as major currency pairs staged an oversold bounce from key technical levels; the EUR/USD, for example, found support from around the 1.05 psychologically important level, which it had breached momentarily on Wednesday. The small decline in US dollar will bring some relief but it is far too early to suggest the greenback has topped out. Its weakness today is merely driven by profit-taking. This should mean the EUR/USD will find it difficult to ... (full story)