Markets turned to risk-off trading yesterday, as Treasury yields resumed their recent tumble. Today, investors may turn their attention to the new round of trade negotiations between US and China. In Brexit land, PM May offered to quit if her deal passes through Parliament, but her attempt seems to have failed to gather the needed support. With regards to the “indicative votes”, none of the options received majority.
Tr. Yields Slide Again, US and China Resume Trade Talks
The dollar traded virtually unchanged against the majority of the other G10 currencies. It gained notably against NOK, and slightly against SEK, while it underperformed versus JPY and NZD in that order.
Although US Treasury yields resumed their slide, with the 10-year rate dropping 1.81%, the greenback did not follow suit. The currency may have shrugged off the decline in US yields, perhaps as they...
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