XE Market Analysis: US Dollar Slides as Risk Appetite Returns

OVERVIEW

  • USD under broad-based pressure despite 10-year treasury yields rising to highest in 4 years.
  • US industrial production falls unexpectedly in January.
  • Japanese Yen rises to multi-year high, BoJ board member Aso plays down intervention talk.
  • French unemployment falls to its lowest since 2009.
  • Canadian home sales drop as new mortgage rules kick in. 
  • Oil prices fall back towards recent lows on record US production.

HIGHLIGHT