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US Treasury yields continue to tick higher, boosting the US dollar
It's tough to find a reason to buy bonds today.First, Fitch downgraded the US credit rating. Second, US ADP employment was much stronger than expected, highlighting a higher path for the Fed funds rate.As a result, long-dated US yields are breaking to new highs for the year and pushing towards the October 2022 high.That's a positive dynamic for the US dollar, especially with risk aversion in equities. As a result, the US dollar is stretching to new highs with commodity currencies, the euro and p...
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Posted: Aug 2 2023, 14:11
Author Name: forexlive
Views: 112236