Home Forex Greenback retains steadier awaiting US CPI information

Greenback retains steadier awaiting US CPI information

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Greenback retains steadier awaiting US CPI information

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The greenback is sitting up 0.2% in opposition to the euro, pound, and yen to this point as we speak, though the ranges are nonetheless leaving quite a bit to be desired. This comes as Treasury yields are additionally holding larger, with 10-year yields up 4 bps to 4.304% at present. USD/JPY stays a key pair to concentrate on, not least because it entails each greenback sentiment and the bond market but in addition because it seeks to make up for the hole decrease from Monday:

It is all concerning the US CPI information developing subsequent and that can supply the following clues for broader market sentiment this week. It is nonetheless all to play for, and we will even be getting extra US information tomorrow alongside the ECB financial coverage choice.

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