The mood in equities is worsening but it's not helping the US dollar.
The market is increasingly concerned that the US administration is shooting itself in the foot with a poor set of tariff policies that will chase money out of the country. Increasingly, market participants are looking for shelter in bonds and that has 10-year yields down 11 bps to 4.14% today.
The message here is is that if Trump goes wild on tariffs, the range breaks and we have a head-and-shoulders targeting 3.5%.
That's the kind of thing that would cause some major pain in the US dollar, particularly against the yen.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about us dollar comes under fresh pressure as treasury yields continue to fall was published today ( ) 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.
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