After Recent Sharp Decline in Yields, Market Dynamics Might Gradually Change a Bit
After the recent sharp decline in yields, market dynamics might gradually change a bit. Outright weak data could confirm the downtrend in yield. However, (activity) data in line or better than expected might slow the market push for early rate cuts. On FX markets, the dollar is fighting an uphill battle. A break of EUR/USD above the 1.1017 end November top brings the YTD top of 1.1276 on the radar.
Source: actionforex.com
