June 06, 2024 06:39 GMT
A red start for the Dollar
CROSS ASSET
- Not too surprisingly, the Dollar is on the back foot going into the European session, in what has been a less than positive week on the data front out of the US.
- This has provided a Risk On tone, with Emini breaking its contract high Yesterday, and in turn SPX and NDX recorded fresh new all time record highs.
- The move was Equity led Yesterday, which helped US Yield lower and the 10yr through 4.30%, down to 4.2735%, a two Months low.
- Best early performer is the Swissy, albeit by just 0.18%, while the Kiwi, Yen and Pound sit closer to flat.
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