The USD fell 0.25% yesterday after the second reading of US Q1 GDP (1.3%) grew at a slower pace than the first reading (1.6%), though it met expectations.
Read moreThe USD gained 0.1% yesterday, tracking Treasury yields that turned sharply higher, with 10-year Treasuries gaining 8.5 basis points to near one-month highs.
The USD gained 0.1% yesterday, tracking Treasury yields that turned sharply higher, with 10-year Treasuries gaining 8.5 basis points to near one-month highs.
Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell-off as the focus shifts to a plethora of economic data released this week.
The USD is trading slightly lower overall in the session, extending yesterday’s drop as yields retreat from the early-week highs amid signs that investors are starting to reposition after the run-up in US yields and paring of Fed rate cut bets.
Discover the latest US inflation trends: February sees a rise to 3.2%, while Core CPI climbs to 3.8%. Explore the implications for Federal Reserve policy and stay ahead with key economic insights
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