The US dollar has reversed all its earlier losses and has entered a positive territory during European trading hours. At the same time, the US 10Y yield has moved back to below 2.65% mirroring a higher demand for safe haven assets. Investors are impatiently awaiting the US Congress meeting scheduled for Wednesday as both chambers are returning from a New Year’s Day break. This will be an important convention given that Democrats will take control of the House on Thursday. The USD index is trading 0.4% higher at 1:20 pm GMT with the largest gain against the SEK. The Japanese yen is the sole major currency being able to resist USD strength.
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".
