Stock Market & Investment News

The dollar has remained underpinned by a rise in longer-dated Treasury yields, with the 10-year T-note yield lifting above 1.62%, up about 7 bp from the midweek lows. News that U.S. President Biden will present his $6 tln (which includes the near $2 tln for pandemic relief, and the $4 tln for a decade long […]

The dollar has remained underpinned by a rise in longer-dated Treasury yields, with the 10-year T-note yield lifting to the 1.61-62% area, up about 6-7 bp from the midweek lows. News that U.S. President Biden will present his $6 tln lifted Treasury yields. The DXY USD index remained buoyant, just below yesterday’s eight-day high 90.18. […]

The Dollar rose overnight, taking the DXY to two-week highs of 90.44 in early N.Y. The USD showed little reaction to the warmer PCE deflator print, or the generally better trade, Chicago PMI and Michigan sentiment outcomes. After the early round of data, the Greenback faded to near session lows, as profit taking ahead of […]