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Why the US dollar and yields climbed despite soft headline GDP

The US dollar is stronger across the board after US GDP in Q1 grew just 1.1% compared to 2.0% expected.USD/JPY is up about 60 pips and the strength in the dollar is broad based.US Treasury yields are also higher after the print, with 2-year notes up 10.1 bps to 4.02%.Not surprisingly, it's all about the details of the report. A big one is that inflation measures in the report ran high in a sign that the Fed will need to keep rates higher for longer.Equally important was the composition of the re... Read More

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Dollar

Yields

Climbed

Despite

Soft

Headline

Forex

Posted: Apr 27 2023, 12:51

Author Name: forexlive

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