US Dollar Softens as Lower Short-Term Yields Weigh
MUFG’s Lee Hardman says the dollar is trading on a softer footing as Fed rate-hike expectations are scaled back following weaker labour data and a mixed US PPI.
DXY
The US dollar is trading on a softer footing, according to MUFG’s Lee Hardman, with lower short-term yields weighing on the greenback.
The move follows scaled-back Federal Reserve rate-hike expectations after weaker labour data and a mixed US Producer Price Index reading.
The post did not include additional details on the size of the dollar’s move or specific yield levels.
Source: FXStreet Forex News