Lower yields add to the drag in the dollar so far today ...Middle East

In turn, that is weighing further on the dollar as USD/JPY falls to a low of 147.45 and is contesting key technical support in the form of its 100-day moving average (red line) again now:The softer French and German PMI data may have something to do with the move lower in yields, as it reaffirms a continued slowdown in Europe's largest economies. That being said, the devil is in the details. Both reports actually highlighted more stubborn and resistant inflation pressures and that will pose a conundrum for the ECB in trying to push for any rate cuts in the short-term.The odds of a April rate cut did increase from ~72% before the data to ~78% now. Meanwhile, total rate cuts priced in for the

Hence then, the article about lower yields add to the drag in the dollar so far today was published today ( Wednesday 24/01/2024 - 11:49 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Lower yields add to the drag in the dollar so far today )

Also on site :

• The Famous Voice Behind Home Depot Ads Is Finally Revealed—and Fans Definitely Know Him
• A dating expert says ghosting and quiet quitting are the same problem at their core, and corporate life has more to learn from romance than it admits
• Stephen Colbert’s 15 Funniest ‘Late Show’ Moments That Still Make Us Cry-Laugh