February 06, 2025 08:22 GMT
CROSS ASSET: Recovery in Yields support the Dollar
CROSS ASSET
- Some upside continuation for the Dollar helped by US Treasuries fading lower, US 10yr Yield pulls away from the next Yield support noted at 4.40%, it printed a 4.4001% low Yesterday.
- The Kiwi is still the worst performer within G10s, but the Dollar is testing broader intraday highs here, versus the MYR, SGD, CNH, GBP, EUR, CHF, PLN, NOK, AUD, NZD and CAD.
- As mentioned earlier, the next immediate support in Cable is at 1.2420 (20 day EMA), ahead of the BoE.
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