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....
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For further details see:
Greenback Tended To Be Sold In Asia This Week, But Recovered In North America