$FRIEND is up 1229.29% to $0.0364 in 24h, massively outperforming a modestly positive broader market, primarily driven by a surprise acquisition offer from a prominent trader.
Higher Treasury yields is not automatic dollar strength.
The 10Y has stayed elevated and the 30Y recently touched its highest level since 2007, yet USD has struggled.
That tells me FX traders are looking beyond yield and weighing inflation, fiscal risk and Fed expectations too.
Interesting macro setup to watch on BingX.
#Forex #Dollar #Macro #Trading
Higher Treasury yields is not automatic dollar strength.
The 10Y has stayed elevated and the 30Y recently touched its highest level since 2007, yet USD has struggled.
That tells me FX traders are looking beyond yield and weighing inflation, fiscal risk and Fed expectations too.
Interesting macro setup to watch on BingX.
#Forex #Dollar #Macro #Trading
