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Fed Rate Hike Expectations Sensitive to Jobs Data
USD: Price action highlights potential for turnaroundAfter reaching a low of 4.73% on August 10th, the UST 2-year note yield has steadily climbed, hitting a peak of 5.10% on the following Monday. This translates to a 37-basis point increase in the 2-year yield over thirteen trading days. However, within just two trading sessions after that peak, two-thirds of this increase was reversed. This underscores how responsive the market is to data indicating economic fragility, particularly within the l...
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Posted: Aug 31 2023, 08:12
Author Name: forexlive
Views: 111687