Firm U.S. Rates Underpin Greenback

Firm U.S. Rates Underpin Greenback

Summary

US dollar is firmer against all the majors.

The 3% 10-year yield and JPY110 seem linked, but the move above the former has not yet lifted the dollar through the latter.Option expiry could provide some immediate targets and ranges in the North American morning.US 10-year rates are again probing the air above 3%, and this is encouraging a push back toward JPY110, with the euro slipping toward $1.19. Asian equities fell, with the MSCI Asia Pacific shedding 0.8%, the most in nearly a month, snapping a three-day advance. China and India were able to buck the […]

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