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US dollar strengthens as yields turn higher
USD/JPY is leading a broad US dollar bid at the moment as North American trade ramps up.
It's not clear what's behind the move but it's a reversal of the equally-inexplicable US dollar selling we saw yesterday. One factor is bonds, with yields ticking higher at the moment though not in a big way. US 10-years are up 2 bps to 4.15% but had been as low as 4.10%.
On the bond-market side, Democrats did a bit better than expected and that might be extrapolated as a push for more public... Read More
Posted: Nov 9 2022, 13:23
Author Name: forexlive
Views: 111662