The dollar is feeling the strain as Treasury yields drop back ahead of some huge fundamental events today. The FOMC came and went, almost in the blink of an eye. With December massively priced in for the next rate hike, markets just shrugged shoulders with much bigger fish to fry. The Republicans pushed back the announcement of their tax reform bill by 24 hours to today, meaning that there are potentially tow massive announcements to come in the US session today (the other being Trump’s choice of the next Fed chair apparently at 1900GMT). Inflation expectations are crucial for the longer end of the yield curve, which ... (full story)