Stay updated with breaking news from Year Yield. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cable (GBP/USD) is under pressure again, and nearing a break below 1.1900, as US Treasury yields soar to multi-month highs, boosting an already robust US dollar.
Follow through for USDJPY after its break may prove difficult as neither interest rate differentials nor the Greenback’s ‘risk aversion’ are currently supporting the bullish move
The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low
We are moving into more serious fundamental waters Thursday with the US 4Q GDP reading on tap; and Dollar traders frustrated by the tight range will be watching with anticipation
Risk trends seemed on solid footing through much of the Wednesday session until a collapse began in US hours that lasted through the close and pulled SPX down -1.6 percent