EUR/USD drops towards 1.1350 as DXY renews weekly top on firmer T-bond yields By anilpanchal7 EURUSD ECB Fed YieldCurve Inflation
That said, the DXY renews weekly top to 96.03 during the latest run-up tracking the firmer US bond coupons.
Following that inflation data, St. Louis Fed President James Bullard went a step farther while supporting 100 bps rate hikes by July and for the balance sheet reduction to start in the second quarter, which in turn strengthened the US Treasury yields. On the contrary,of Richmond President Thomas Barkin tried to tame the bulls while saying that he would have to be convinced of a 'screaming need' for a 50 bps hike.
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