US Dollar Mixed as Strong Job Data Offset by Ongoing Concerns of Weak Inflation; China CPI Disappoints

Posted August 9th, 2017 by Issac19Yamr and filed in General News

US dollar was mixed as strong sentiment from another upbeat job data was partly offset by a dovish Fed speaker. US dollar index initially rose to a 2-week high of 93.88 before settling at 93.65, up +0.24%. US Treasury yields climbed higher amidst strong 3-year note auction. The next focus is on the 10 year auction worth of US$23B. The rise is US yields was despite diminished hopes of a Fed funds rate hike in December.

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US Dollar Mixed as Strong Job Data Offset by Ongoing Concerns of Weak Inflation; China CPI Disappoints

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