YCS - Corrective Pressures In The FX Market Prove Short-Lived
Overview
The drop in US yields to new lows amid paralysis in Washington, except apparently over a lip-syncing app's threat to US national security, sent the dollar back to its lows after a modest recovery in early North American trading yesterday. The greenback remains under pressure today, falling against most of the world's currencies. The beleaguered Turkish lira is a notable exception. The Norwegian krone and dollar-bloc currencies are leading the move. Global equities are mostly firmer, though, in the Asia-Pacific region, Japan, Australia, and India were exceptions. The Dow Jones Stoxx 600 is around