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Dollar in control as traders keep their eyes on the bond market

The return of Treasuries trading yesterday after the long weekend was the key development in broader markets. Higher yields drove the dollar higher and put together, that weighed on equities as well. The dollar rally even saw the currency rose to its highest levels this year against the yen, aussie and kiwi.As for what is behind the heavy selling in Treasuries, it's a tough one to figure out. The pragmatic side of me thinks this is similar to the flows that we saw in August, which owes to flows... Read More

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Content Topics

Dollar

Control

Traders

Keep

Their

Eyes

Bond

Market

Forex

Posted: Sep 6 2023, 04:39

Author Name: forexlive

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