Some slight moves as Treasury yields relax a bit too
EUR / USD is up 0.3% to 1.1560 while GBP / USD is up 50 pips to 1.3635 on the day as the dollar is expected to ease slightly in European morning trading.
I would still say this is all a little pushed and pulled in terms of overall dollar sentiment since yesterday’s trading, with long term yields falling back then. 10-year yields remain low now at 1.565% and 30-year yields also at 2.07% on the session.
This is likely putting some pressure on the greenback, although the USD / JPY pair isn’t too baffled as it is holding around 113.50-55 for the time being.
Elsewhere, the AUD / USD reversed a decline from 0.7340 to 0.7360 as the USD / CAD begins to move closer to its July low as it fell to 1.2436:
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