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King Dollar
The markets continue to trade on the backdrop of the FOMC meeting.While the US dollar remains king of the hill, the USD and US Treasuries sold off the ” yield” tops after the US core CPI for November came in a whiff lower than expected. But this was more a case of data inspired profit taking as the big dollar dips remain very shallow. Australian dollar Yesterday’s stellar Jobs report offered little more than a lifeline for the Aussie as the uptick was quickly faded as the UST 10 year yields sizzled. But again activity in AUD has remained tepid with both JPY, and EUR hogging the limelight as both of those ... (full story)