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US yield dribbling lower helping the USD to do the same

US yield dribbling lower helping the USD to do the same
The US dollar is falling away across the FX board with yields pulling back a little lower. EUR, GBP, AUD, NZD, CAD are all up against the big dollar. Even the hapless yen is gaining some ground. As for the yuan, a little lift for it also, which the PBOC will welcome. They sent another strong signal today that they'd like the currency to stop dropping so quickly:PBOC sets USD/ CNY reference rate for today at 7.2006 (vs. estimate at 7.3065) This article was written by Eamonn Sheri... Read More
Posted: Aug 18 2023, 01:43
Author Name: forexlive
Views: 092050

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