Investing.com investing.com 13 Jan, 2021 02:30 am

Dollar rally runs out of puff as yields ease By Reuters

Dollar rally runs out of puff as yields ease By Reuters
Dollar rally runs out of puff as yields ease

[US/] Against the euro, it posted its sharpest daily fall in more than a month and it dropped more than 1% against the pound, which was also boosted by the Bank of England governor talking down the prospect of negative rates.Pound Climbs as Market Pushes Back on Negative Rates Speculation p (Bloomberg) -- The pound rallied as traders pushed back expectations for when the Bank of England might cut borrowing costs to the end of the year, after Governor Andrew Bailey.Benchmark 10-year Treasury yields fell nearly 7 basis points from a 10-month high hit on Tuesday and the turnaround snuffed out a three-day streak for the dollar.Treasury yields lifted demand for the currency.

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