US dollar buying continues but Treasury yield rise stalls

A look at the dollar trade

More of a 'risk-off' tone is settling over the market with the S&P 500 down 20 points, erasing half of yesterday's rally. Initially stocks and the dollar rose in tandem but the trade is changing.

In bonds, 10-year yields rose as high as 1.351% but have retraced to 1.336%.

USD/JPY has followed the same path.

For the dollar more broadly, it's benefiting against the commodity currencies and sterling as risk trades sink.

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September 17, 2021 at 02:13AM
Adam Button
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