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Week Ahead: 4 G10 Central Banks Meet, Brazil to Hike 75 bp and US CPI May Hold Key to FOMC
The US dollar advanced against all the G10 currencies last week but the Swiss franc but turned in a most mixed performance against emerging market currencies. The US 10-year yield fell for the third consecutive week and near 4.16%, it is around a dozen basis points below where it settled the night before the US election. The two-year yield fell for the second consecutive week and settled near 4.10% is about half a dozen basis points below the pre-election day level. The Dollar Index, on the other hand, is up 2%. Among the G10 currencies, the yen is the only currency that has appreciated against the dollar since the ... (full story)