FX Market Awaits North American Leadership
The North American market took the dollar lower on Tuesday, and there was little follow through selling. Yesterday, the dollar as bid in North America and rather than resist, European more than Asia Pacific operators have extended the greenback’s gains. The somewhat more hawkish FOMC minutes sat the US two-year yield recover to session highs yesterday and a little bit more today. However, near 4.47%, the yield remains below last week’s high (~4.51%) ahead of today’s data. There are two other large considerations. First, despite the talks, the market is on edge about a possible US strike on Iran. March WTI is up ... (
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