Investors continue to search for solid reasons for some of the current forex market moves. Sterling and EUR has been easy as investors cite yesterday's somewhat surprising PMI headline prints, however, the dollars move is more of a mystery. Its change of late cannot be explained by rates or even the reversal of safe-haven trades alone. Nonetheless, the fact that long-end yields of the US curve continue to fall, despite building evidence that a strong economic recovery is underway, seems to be undermining investor confidence in the mighty dollar. In fixed income, long US product is trading more like a commodity, with ... (full story)