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U.S. Dollar Threatening To Break Higher
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U.S. Dollar Threatening To Break Higher

Seeking Alpha·Marc Chandler·19 days ago
#uyyjSxsI
#source#chevron#alpha#dollar#trading#quietly
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Summary

  • The US dollar is trading quietly against the major currencies.
  • China has promised to buy more of the B-3 - beans, beef, and Boeing.
  • The PBOC set the dollar’s reference rate at a new three-year low today.
  • The 10-year Treasury yield is 1-2 bp lower to hover near 4.45%.
American dollar currency symbol

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The US dollar (DXY) is trading quietly against the major currencies. The euro is holding above $1.17, and sterling is holding above $1.35, but the market does not appear done probing these support areas. The greenback has also traded as close to

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