The US Dollar clambered for ground after blistering retail sales figures boosted Treasury yields as the unfolding Middle East conflict lifts risks across the globe. Lower EUR/USD?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.The US Dollar has slipped through the Asian session after making some headway overnight on the back of Treasury yields pushing toward multi-year peaks.
Treasury yields leapt higher across the curve with the 5- and 7-year bonds seeing the largest gains, adding around 15 basis points each.-sensitive 2-year Treasury note traded at 5.24% overnight for the first time since 2006 while the benchmark 10-year note traded within a whisker of the 4.88% seen earlier this month, the highest since 2007.to a 1-month peak above US$ 1,940 as the fallout from the rocket attack on a Palestinian hospital continues with both sides blaming each other.
Chinese President Xi Jinping spoke at the Belt and Road forum in Beijing and talked up the initiative, adding that restrictions on foreign investment for manufacturing will be eased.
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