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Dollar Momentum Takes a Life on of Its Own
The dollar's advance accelerated since the end of February. The momentum has surprised everyone. Pullbacks continue to be shallow. The move appears to have taken a life on of its own. Consider last week, as the euro slumped more than 3%, sterling more than 2%, and the dollar-bloc more than 1%, US yields fell sharply. The US 10-year yield fell 15 bp. It has completed retraced the increase spurred by the strong jobs data on March 6. The yield the December Fed funds futures contract fell 7 bp to 51.5 bp. It settled at 49.5 bp the day before the employment report. The magnitude of the slide in the currencies (leaving ... (full story)
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- Mar 15, 2015 11:14am Mar 15, 2015 11:14am
- Ever E. Man
- Joined Feb 2012 | Status: Grand Ultimate | 455 Comments
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- Mar 15, 2015 11:45am Mar 15, 2015 11:45am
- Tom_D_Trader
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 62 Comments
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