US dollar slides alongside Treasury yields. The week to close out with a heavy data slate ...Middle East

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The US dollar has given back earlier gains as Treasury yields turn lower. US 10-year yields rose as high as 4.01% early in New York trade but they've since fallen to 3.91%. That turn has weighed on the dollar and sapped earlier gains against the euro and yen.USD/JPY remains up 125 pips on the day to 143.24 but had traded as high as 143.75.It's the start of a new year and I think flows are dominating. A return to 142.35 would get this pair back to where it was on Christmas Day as some of the illiquid moves are sorted out.GBP/USD is the best performer today and hit a session high of 1.2676 a short time ago, but it comes after a rout yesterday. Again, this pair is now close to where it was the

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Last updated : 03 January 2024 clock 11:53 PM

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US dollar slides alongside Treasury yields. The week to close out with a heavy data slate ...Middle East

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