The USD is moving back near lows vs most of the majors


Yields are mixed but off highs

The 10 year auction had a 1 bp tail but the other numbers were not all that bad. As a result, yields moved lower. The 10 year yield is down to 1.519%, down -0.7 bps on the day. The low reached 1.5039%, while the high reached 1.5647%. The 2 and 5 year yields are also lower on the day.  The 30 year is still up about 1.1 bps at 2.246% (but off the high at 2.2807%). The US treasury will auction off 30 year bonds tomorrow at 1 PM ET.  

The fall in yields has tilted the dollar lower.  

Looking at the changes and high low ranges (in pips), the USD is moving toward earlier lows for the day vs all the majors with the exception of the USDCHF.  The dollar remains higher vs the CHF  today. 

Yields are mixed but off highs

In the US stock market, the Dow remains the leader (+1.62%). The Nasdaq is clinging to a 0.14% gain. 
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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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