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US dollar moving higher. Spooked by the higher inflation expectations.
The USD has pushed to new highs as the market reacts negatively to the five-year inflation expectations from the Michigan sentiment index which rose to 3.2% from 3.0% last month. The level is the highest since 2011. That has spooked the market.Yields are moving higher:2 year 3.980% +7.5 basis points10 year 3.442% +4.3 basis points30 year 3.766% +2.3 basis pointsIn the forex:EURUSD is training to a new session low and test the 38.2% retracement of the move up from the March low at 1.08735. The lo...
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Posted: May 12 2023, 14:41
Author Name: forexlive
Views: 081768