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Monday, February 08, 2021

The Greenback is grinding higher after extending its post-NFP...

The Greenback is grinding higher after extending its post-NFP...

The Greenback is grinding higher after extending its post-NFP retreat to 90.966 in index terms, and it seems like an even more pronounced reversal in US Treasuries and several more specific technical factors have helped the Buck to stop the rot. 10 year cash has touched 1.2% again, while the 30 yield is probing the psychological 2% level to lift the Dollar off lows and DXY back above 91.000 at 91.216, as certain Usd/G10 pairs test or breach key chart and significant levels. However, the Greenback also appears to be benefiting from waning risk appetite and signs that stocks are getting a bit twitchy about the rise in long term rates and bear steepening.



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