The U.S. Dollar is starting to firm up while non U.S. currencies have stalled. The one here which may be a buy is the Canadian Dollar which has been slammed from highs at 8175 in late January to lows overnight at 7700.
The U.S. dollar extended its recent rout to hit three-year lows and gold rose to its highest level in 1-1/2 years on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar.
U.S. Treasury yields drifted higher on Thursday after U.S. data showed a rise in inflation and a decline in initial jobless claims, reinforcing expectations of an interest rate increase next month and several more in 2018.
The gap between U.S. short-dated and long-dated U.S. Treasury yields contracted to its tightest in a decade after data showed a pickup in U.S. underlying inflation and an unexpected rise in retail sales, as the market priced in further interest rate hikes next year.
U.S. Treasury yields rose on Thursday, with 10-year yields bouncing from near three-week lows, as traders prepared for $15 billion worth of 30-year bonds, the last part of this week's $64 billion November refunding.
Chicago Mercantile Exchange (CME) Treasuries saw subdued trade on Wednesday, keeping yields in check, after the release of minutes from the Federal Reserve's September policy meeting, which revealed that some members wanted to see further economic data before another near-term lift to rates.
Chicago Mercantile Exchange (CME) Yields were higher Thursday after the House of Representatives approved a budget, the first step toward tax reform. Investors also digested a slew of speeches from United States central bankers.
Chicago Mercantile Exchange (CME) The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 2.216 percent, while the yield on the 30-year Treasury bond was also lower at 2.758 percent.
Chicago Mercantile Exchange (CME) United States Treasury yields and the dollar gained on Wednesday after the Federal Reserve signaled it expects one more U.S. interest rate hike by the end of the year.
Chicago Mercantile Exchange (CME) United States Treasury prices fell Thursday, extending a multiday rise in yields ahead of a key read of consumer inflation the final such measure before the Federal Reserve's two-day policy-setting meeting next week.
Chicago Mercantile Exchange (CME) United States Treasury prices fell late Wednesday as a deal was reached on disaster relief, the debt ceiling and funding, extending the deadline to Dec. 15, taking one key issue off the table for the time being.