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Bond selling returns: US dollar climbs to the highs of the day

Bond selling returns: US dollar climbs to the highs of the day
The latest economic data wasn't exactly a screaming buy for the US dollar. The durable goods orders data was soft while the initial jobless claims numbers were on the strong side.I wouldn't hang the latest dollar strength on that. Instead, I think bond flows are back, perhaps partly due to risk appetite following NVDA's blockbuster quarter. All month long, we've seen bond selling around this time, so it's not a surprise that it's returned. And though yields have only taken back a bit of yesterda... Read More
Posted: Aug 24 2023, 12:48
Author Name: forexlive
Views: 092091

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