Societe Generale FXStrategy Research notes that the dollar’s trade-weighted index (TWI) continues to track real yields fairly faithfully, but right now that leavesthe dollar in no man’s land. In that context, SocGen notes that the improving correlation of the euro’s TWI with real German bond yields. "It’s more usual to see the euro TWI track EUR/USD, which in turn is more affected by US yields than European ones, but as the latter get stuck in a range, Europe matters more. With strong economic data, fading political concerns and two weeks to go until the June ECB meeting, German real yields are on an ... (full story)