US dollar bounces right back after ISM dip ...Middle East

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US dollar bounces right back after ISM dip
The US dollar dipped on a softer ISM manufacturing index but it has stormed right back.The fuel is coming from the bond market where 10-year Treasury yields are now up 12 bps on the day and more than 20 bps since the post-PCE lows on Friday. USD/JPY is at a fresh 34-year high, up 64-pips to 161.46 and earlier gains in commodity currencies are at the lows, with some help from a stock market that hasn't opened as strongly as hoped.So what's behind the rout in bonds despite softer inflation and weaker growth data?"The selloff remains a function of the economic implications from a potential Trump victory in November and there isn't anything immediately on the horizon that would suggest one shoul

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