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US dollar chops with eyes on the T-note

Everyone is a bond trader right now, whether they know it or not. The dollar has backed off and risk trades have improved after 10-year yields failed to break 5% on the first look earlier today.The weekly initial jobless claims report was bearish for bonds but yields didn't move up as the Philly Fed at the same time might have capped it. Eyes are also on Powell at noon.For now, there are some value buyers buying bonds and perhaps some short covering. I can't imagine much real money is stepping i... Read More

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Content Topics

Dollar

Chops

With

Eyes

Note

T note

Forex

Posted: Oct 19 2023, 13:05

Author Name: forexlive

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