US dollar extended another leg lower ahead of holiday, on the heels of the November FOMC minutes. The market focused on the discussions of potential persistence of weak inflation and dumped the greenback, sending it -1.09% lower against Japanese yen and -0.91% against Swiss franc. The DXY index slipped -0.78% for the day. Treasuries gained ground, with yields lower. 2-year yields dropped -5 points to 1.73% whilst 10-year yields were down -4 points to 2.32%.
See the original post:
Crude Oil Prices Jumped, Helped by USD Weakness and Inventory Draw
Leave a Reply
You must be logged in to post a comment.