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URR - Positioning And Momentum Trump Interest Rate Considerations
Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40
The US 10-year yield fell last week to its lowest level in three months, and the weekly decline was one of the largest in the past year.
The dollar rose against nearly all the major currencies, helped by a bout of short-covering ahead of the weekend.
After falling to sustain the move above $1.22 in the middle of the week, the euro was sold back toward $1.2100 that it had approached before the recent US jobs data.