The US dollar was battered right from the open today but in the last few hours it staged something of a bounce. It recovered around 60 pips against the euro and half of that in AUD/USD.
Now though, the dollar is coming back under pressure as long-dated US Treasury yields creep higher again. I wouldn't say bonds are the trigger but the price action here is worrisome. Along the same lines, gold is now +$100 on the day again and on the brink of a new high after giving back $25 earlier.
There is a real and steady flow out of US dollars and USD assets at the moment. It's a pure vote of non-confidence.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about not much of a stand for the us dollar as it slips again 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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