Friday, June 27, 2014

Dollar Struggles As Core Bond Yields Continue Drifting South

Yesterday, sentiment on risk turned more cautious. EUR/JPY, USD/JPY and EUR/USD initially showed an old-fashioned risk-off correction. However, at the end of the day, USD weakness prevailed. Sterling rebounded even as the BOE announced measures to cool the housing market. For now, there is not trigger on the horizon to



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