Notwithstanding the Yen’s aforementioned greater allure as a safe destination, the Greenback and index have also appreciated further with the latter registering a new post-NFP best at 93.483 amidst broad gains for the Buck.
However, the US Treasury curve has returned to pretty pronounced bull-flattening mode and could keep the Dollar capped on pure yield dynamics, even though other global bonds are trending in the same direction.
However, the US Treasury curve has returned to pretty pronounced bull-flattening mode and could keep the Dollar capped on pure yield dynamics, even though other global bonds are trending in the same direction.