Falling Yields Pressure USD, the Key Levels to Watch
From gomarkets.com
Recent US figures have seen a rout in treasury yields with the flagship 10-year now yielding 4.435% after starting November at 16-year highs north of 5% and in a seemingly unstoppable uptrend. A cooler CPI and PPI showing inflation is decelerating at a faster pace than the market anticipated, along with weaker employment and industrial production figures have traders re-adjusting for a less hawkish Fed and bringing their timing forward for the pricing in of rate cuts. Why this is important to serious FX traders is because rates and FX have a high correlation, even more in the post pandemic period of cuts, hikes and ...
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