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US Dollar sinks below the 96 handle on lower yields

From fxstreet.com

Forex was in consolidation in the main, considering the indecisive mood that commenced in Asia yesterday, filtering its way through to European markets and continuing on in New York. The dollar, for the most part, was holding its ground around the 96 figure after making a fresh low scored at 95.97. Investors are waiting to see the outcome of the G20 at the end of this week and what Federal Reserve's Powell has to say in a speech in New York today. As for yields, the US 10yr treasury yields dropped from 2.05% to 2.01%, while 2yr yields fell from 1.77% to 1.73%. Following Friday's speakers, the Federal Reserve's Dallas ... (full story)

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  • Category: Fundamental Analysis