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BBDXY More than Pares Early Losses As Tsy Yields Tick Higher

USD

A bit of a turnaround in the USD’s fortunes, even with crude oil and e-minis firmer on the day, as the impact from a move higher in U.S. Tsy yields filters through into the BBDXY, which is now 0.1% higher on the day, more than reversing early losses. Comments from various Fed speakers over the last 90 minutes or so, in addition to the firming in oil prices, seemingly provide tailwinds for yields.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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