fxstreet.com 09 Feb, 2021 04:00 am

Reflation trade poses a risk to emerging markets

Reflation trade poses a risk to emerging markets
The reflation trade driving government bond yields higher poses a risk to emerging markets, according to Bloomberg. Key points Bonds from Indonesia, M

p Gold nears falling wedge hurdle Gold trades near $1,841 versus $1,829 in early Asia.A potential falling wedge breakout would imply bullish reversal.The 4-hour chart shows a falling wedge pattern – converging trendlines connecting lower highs and lower lows.The dollar index, which tracks the greenback's value against majors, fell to 90.

p Dollar Index trades hovers below 91 on stimulus expectations The dollar index is on the defensive below 91.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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