KBND - Greenback Tended To Be Sold In Asia This Week But Recovered In North America
2024-02-23 07:45:00 ET
Summary
- Amid a light news stream, the dollar is mostly in narrow ranges against the G10 currencies.
- Emerging market currencies are mixed, though central European currencies generally fared the best.
- The dramatic equity rally in the US yesterday helped lift most Asia Pacific markets today.
- US 2- and 10-year Treasury yields reached new highs for the year today in Europe near 4.75% and 4.35%, respectively.
Overview
Amid a light news stream, the dollar is mostly in narrow ranges against the G10 currencies. Leaving aside the Norwegian krone, the others are in a +/- 0.15% against the dollar today. We note that the technical tone of the euro and sterling have improved with the five-day moving averages crossing above the 20-day moving averages. On the other hand, the dollar is approaching the year's low set last week near JPY150.90....
Greenback Tended To Be Sold In Asia This Week, But Recovered In North America