XE Market Analysis: US 10-Year Bond Yields Approach 3% as the US Dollar Bounces

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OVERVIEW

  • FX market this week awaits the much anticipated Q1 GDP data from both the US and the UK.
  • GBP remains under pressure but with weakness in the currency, this has made the interest rate decision for the BoE even harder.
  • USD is enjoying a bounce helped by the rise of the 10-year yield.

HIGHLIGHT

The yield from the 10-year Treasury bond is notching at the psychological 3% mark.