Back
11 Jun 2014
Rebound in US yields supporting the USD - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, noted the better tone from the US yields are helping the greenback gain some ground lost as of late.
Key Quotes
"The US dollar continues to strengthen modestly in the near-term especially against the other major currencies of the euro, yen, pound, and Swiss franc. The US dollar is deriving support from the ongoing rebound in US yields so far during June."
"The yield on the 10-year US Treasury note has risen back into the 2.6% to 3.0% range after briefly breaking below in May when it hit an intra-day low of 2.4%. A similar temporary break lower in US yields was also recorded in October of last year which was followed by a test of the top of the range."
Key Quotes
"The US dollar continues to strengthen modestly in the near-term especially against the other major currencies of the euro, yen, pound, and Swiss franc. The US dollar is deriving support from the ongoing rebound in US yields so far during June."
"The yield on the 10-year US Treasury note has risen back into the 2.6% to 3.0% range after briefly breaking below in May when it hit an intra-day low of 2.4%. A similar temporary break lower in US yields was also recorded in October of last year which was followed by a test of the top of the range."