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US dollar moving higher. Spooked by the higher inflation expectations.

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... Read More
Posted: May 12 2023, 14:41
Author Name: forexlive
Views: 081768

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