-
US Dollar Retreat Extended, but Turn Around Tuesday may have Already Begun
Last week's dollar losses have been extended today. The yen is leading the move, encouraged by talk of a buying by a large US real money fund. The Dollar Index is off about 0.35% after sliding 1.8% last week. It is below the 200-day moving average for the first time since late August. As was the case last week, the Canadian dollar is the laggard. Emerging market currencies are also mostly higher. The Chinese yuan's 0.67% rise is the most since late July. Notably, the greenback's losses today come despite slightly firmer US rates. The 10-year yield is up almost three basis points to 4.46% and the two-year yield is up ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 20, 2023 8:32am Nov 20, 2023 8:32am
- bennieM.K
- | Joined Nov 2023 | Status: Junior Member | 1 Comment
- Comment #2
- Quote
- Nov 20, 2023 9:13am Nov 20, 2023 9:13am
- Techknow
- Joined Oct 2023 | Status: Put your money where your mouth is | 20 Comments
TechKnow
TLV1.1 All Time Return:
44.5%