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US dollar gets another wind as US 2-year yields near 5%. Cable breaks the January low

US dollar gets another wind as US 2-year yields near 5%. Cable breaks the January low

The US dollar hasn't topped out for the day just yet. After a few hours of consolidation, it's now trading at the highs of the day right across the board.

The latest domino to fall is the GBP/USD annual low of 1.1837 set in early January. Thee pair is now down nearly 200 pips to 1.1830.

One catalyst is the bond market as US 2-year yields rise 10 bps to a session high at 4.99%. A 5% return for two years is attractive to large classes of investors everywhere and are a good reason to... Read More

Posted: Mar 7 2023, 18:52
Author Name: forexlive
Views: 092148

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