The US dollar is holding up well today despite the drop in bond yields ...Middle East

The US dollar had its worst H1 in 50 years but has rebounded modestly so far to start the second half. Some of that was underpinned by a steady climb in yields as 10s rose to 4.42% from 4.22% but that's reversed 7.7 bps today and the dollar is basically flat. I wouldn't draw any big conclusions about a further dollar bounce based on one day of price action (with not much else going on in markets) but it's something to keep an eye on.

This article was written by Adam Button at www.forexlive.com.

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