#Treasury yields rangebound as traders await fresh economic data
🔵 DOLLAR HOLDS GAINS AHEAD OF US INFLATION TEST Full Story → https://t.co/4m60U0zmSO The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could…
Overview: Corrective forces are helping lift the dollar against all the G10 currencies. The euro's 0.5% pullback is the largest in nearly two months. Sterling's 0.3% loss is the most in nearly three weeks. https://t.co/oa0SI2m2wh
The U.S. dollar has shown a mixed performance against G10 currencies, with sterling reaching new two-year highs, trading near $1.3250. As of August 28, the dollar remained near its lowest level in over a year against a basket of peers, while sterling was just off its multi-year highs. However, on August 28, the dollar experienced a corrective pullback against all G10 currencies, with the euro declining by 0.5%, marking its largest drop in nearly two months, and sterling experiencing a 0.3% loss, the most significant in almost three weeks. As traders look ahead to a key U.S. inflation reading expected at the end of the week, the dollar steadied on August 29, attempting to recover from its recent losses. Treasury yields have remained rangebound as market participants await fresh economic data.