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USD: Putting the buck's beating into perspective

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Ahead of tomorrow’s highly-anticipated NFP meeting, sentiment toward the US dollar could hardly be more pessimistic. The world’s reserve currency just saw its biggest 2-day drop in nearly a year and has now given up all of its gains from the start of the year. As we noted yesterday , the move has been driven primarily by fading expectations of any rate hike from the Federal Reserve this year, and the 10-year US treasury bond yield has dropped to a 1-year low below the 1.90% as a result.

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