Market Update: Dollar Continues to Drop as Treasury Yields Fall
The 10 year US Treasury yield has fallen away below 3% again, but with the shorter-dated yields holding up. Both of the factors are...
Arslan Butt•Tuesday, December 4, 2018•1 min read
Since the G20 summit, there has been a dramatic shift in the sentiment of investors, especially for the US dollar. There is a degree of ambiguity over precisely what has been agreed between the US and China, but the mood for conciliation has apparently improved.
Lately, the 10 year US Treasury yield has fallen away below 3% again, but with the shorter-dated yields holding up. Both factors are weighing on the US dollar.
At this very moment, DXY has dropped to $96.39 to test the double bottom support zone and there can be a bounce off in the dollar. While on the upper side, resistance prevails at $96.75.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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