US dollar and Treasury yields climb on stronger US economic data ...Middle East

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US dollar and Treasury yields climb on stronger US economic data
The US dollar has recovered some of yesterday's steep losses after retail sales and the Empire Fed manufacturing survey were stronger than expected.USD/JPY led the way in a rise to 150.77 from 150.25 while other dollar moves were limited to around 30 pips. The dollar is getting some support from Treasuries, where yields are up 3.5-7 bps across the curve. Fed pricing has cooled after yesterday's big moves and 93 bps are priced in for next year from 101 bps yesterday. This article was written by Adam Button at www.forexlive.com.

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