Something interesting is happening in FX right now.
US Treasury yields are pushing higher, with the 10Y around 4.75% and the 30Y above 5.3%.
Normally, that should be supportive for the dollar. But USD has been weakening instead.
That tells me there’s more going on than just yield chasing inflation, fiscal concerns and the broader US outlook are all part of the picture.
I’ve been keeping an eye on the dollar through BingX. This yield vs USD divergence could get interesting.
#Forex $DXY #EURUS
US Treasury yields are pushing higher, with the 10Y around 4.75% and the 30Y above 5.3%.
Normally, that should be supportive for the dollar. But USD has been weakening instead.
That tells me there’s more going on than just yield chasing inflation, fiscal concerns and the broader US outlook are all part of the picture.
I’ve been keeping an eye on the dollar through BingX. This yield vs USD divergence could get interesting.
#Forex $DXY #EURUS