Tuesday, July 11, 2017

We saw USD supported last week, lifted by the rise in UST yields (10Y UST yields had risen from 2.08% on





FX Asia Fortnightly
by Saktiandi Supaat


FX Research





We saw USD supported last week, lifted by the rise in UST yields (10Y UST yields had risen from 2.08% on 26 Jun to 2.39% at the point of writing). At the same time, the hawkish tilt to the policy tone of the central banks of the EU, UK and Canada also lifted global yields. This has led to support for other G7 currencies at the expense of the USD but USD strength against Asian FXs. The two weeks ahead could be choppy for the USD given a slew of US data and Fed speaks ...

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