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Dear traders,
The spot erased entire losses and trades neutral, as the bulls fight back control amid an extension of the sell-off in the US dollar against its main competitors, as investors sold-off the buck in reaction to the latest comments by the Chinese official. The Chinese officials are reportedly considering to slow or halt the purchases of the US Treasuries, viewing them as less attractive to other assets. The USD index accelerated declines, now flirting with two-day lows of 91.75, down -0.50% on the day while Treasury yields jump +0.90% to +1.65%, with 10-year yields spiked to fresh ten-month tops of 2.588%.
Good trading!
The spot erased entire losses and trades neutral, as the bulls fight back control amid an extension of the sell-off in the US dollar against its main competitors, as investors sold-off the buck in reaction to the latest comments by the Chinese official. The Chinese officials are reportedly considering to slow or halt the purchases of the US Treasuries, viewing them as less attractive to other assets. The USD index accelerated declines, now flirting with two-day lows of 91.75, down -0.50% on the day while Treasury yields jump +0.90% to +1.65%, with 10-year yields spiked to fresh ten-month tops of 2.588%.
Good trading!
