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Dollar is getting support from higher Treasury yields

Discussion in 'Forex Daily News & Outlook' started by prav, Jun 13, 2007.

  1. prav

    prav Moderator
    Staff Member

    Apr 28, 2007
    Likes Received:
    The Dollar rallied against majors currencies as rising US Treasury yields gets investors confused and expectations of a near-term cut in US interest rages have faded, sending bond yield higher. ?The Dollar's getting support from Treasury yields? said analysts, but they are waiting for US retail sales, CPI and PPI later this week which may determine the Dollar's direction. Investors will also be watching the US Treasury's semiannual report on International Economic and Exchange Rate Policies today, for any comments on China's Yuan. The Yuan on Tuesday posted its largest gain against the Dollar since its July 2005 revaluation, rebounding from a 3-day slide after the Central Bank set a much higher reference rate for the Chinese currency?


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