Subscribe To
Euro climbs above the October high as risk trades improve, yields fall

The euro is trading at the highest since September 24 as it clears the October 11 high of 1.0640.The rally today is more about the USD side of the equation as it slackens alongside Treasury yields. US 10s are trading at 4.86% from as high as 5.02% earlier today as part of a broad bid in bonds.These moves came after 10s tagged 5% and Bill Ackman covered his well-publicized short on bonds. That's not exactly a strong fundamental backing for the bids in bonds but both Ackman and Bill Gross are argu...
Read More
Posted: Oct 23 2023, 16:07
Author Name: forexlive
Views: 082320