Market Update: Dollar Continues to Drop as Treasury Yields Fall - Forex News by FX Leaders

Market Update: Dollar Continues to Drop as Treasury Yields Fall

Posted Tuesday, December 4, 2018 by
Arslan Butt • 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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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