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USD and US Yields

CROSS ASSET

USD remains better bid on the European Govie open, with small continuation higher for the currency.

  • Equity offered and higher US yields are supporting factors.
  • US 10yr is at the intraday high and just short of the March high at 1.6405% (printed on 15/03).
  • This is also the highest level since 07/02/2020.
  • Similar story for the 30yr, just shy of the March peak at 2.4028%, which is also the highest level seen since (02/01/2020)
  • EURUSD is near the session low, albeit in a 15pips range (1.1893-1.2008), and the support to watch here is the 200d MA at 1.1847.
  • A level not broken since May 2020.
  • USD trades in the green against most G10, besides the British Pound.


Chart source: Bloomberg

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