DailyFX Research: US Dollar Teetering as US Yields Threaten Pullback

Commentary, Forex, News

The US Dollar has been struggling to find meaningful traction over the last few days, as a combination of profit taking and speculation over how wage data will influence have led to a choppy trading environment. With a rather dull economic docket the next two days (ahead of the five Fed speakers on Thursday), traders may want to pay attention to the main driver behind the US Dollar rally in the first place: US Treasury yields.

Best,
Christopher Vecchio, Senior Currency Strategist
cvecchio@dailyfx.com


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