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Dollar stays pinned down after yesterday's retreat

10-year Treasury yields are down another 1.6 bps to 4.718% now and with equities also rallying so far in European morning trade, it isn't making things comfortable for the dollar thus far. In particular, USD/JPY is looking dicey as it could threaten to fall back below the 150.00 mark and that will invalidate a lot of the dollar momentum built up coming into this week.EUR/USD is up 0.4% to 1.0615 and GBP/USD up 0.3% to 1.2183 on the day currently. Meanwhile, AUD/USD is also up at the highs as it... Read More

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Dollar

Stays

Pinned

Down

After

Yesterday

Retreat

Yesterday s

Forex

Posted: Nov 2 2023, 09:30

Author Name: forexlive

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