Weekly Fundamental US Dollar Forecast: Rise in US Treasury Yields May Not Help Greenback; April NFP Due
Weekly Fundamental US Dollar Forecast: Rise in US Treasury Yields May Not Help Greenback; April NFP Due Advertisement Fundamental Forecast for the US Dollar: Neutral The drop in the US Dollar has occurred even as US Treasury yields have stabilized (if not turned higher), suggesting that rising inflation expectations – not real US yields – are behind the move, which has historically been bad for the greenback. The main economic event of the week will be the April US non-farm payrolls report due out on Friday, May 7. According to the IG Client Sentiment Index, the US Dollar has a mixed bias...
Source: dailyfx.com