USD bulls seem to have awaken in late Asia yesterday along with the rise in UST yields. That lifte

GBL: USD Bulls Awaken?

Global Markets Daily by Saktiandi Supaat

FX Research

USD bulls seem to have awaken in late Asia yesterday along with the rise in UST yields. That lifted most USDAsians, including USDJPY, last seen around 111.00. USDSGD is now back above the 1.38-figure. This could be the start of the USD recovery although future economic data very much matter. Overnight, the positive correlation between oil and the USD broke down again. This suggests that the USD-oil relation that we witness since Feb could very well be a temporary...