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Another round of broad pressure hits the US dollar as bonds catch a bid
The dollar is falling across the board and it's not entirely clear why. There's some risk appetite creeping in but stocks are hardly running away with the S&P 500 up 20 points.
Bonds are bid so that adds up but the strength of the dollar move is more than what you'd expect from yields down 6 bps across the board.
To me, this is a unique USD move. Looking to the Fed, the terminal top is still at 5.09%, which isn't far off the peak. A 50 bps hike on Dec 14 is at 67% compared to 33%... Read More
Posted: Nov 8 2022, 15:30
Author Name: forexlive
Views: 110761