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US Dollar Down, US Treasuries Down Sharply

Posted by: : Paul EbelingPosted on: June 2, 2015 US Dollar Down, US Treasuries Down Sharply

US Dollar Down, US Treasuries Down Sharply

The US Dollar (.DXY) Index lost Vs all peers Tuesday, it is down 1.56% to 95.87

EUR/USD rallied 2.19% today to 1.1164 after higher European sovereign yields attracted international capital back to Europe from the United States. Eurozone CPI grew a higher-than-expected 0.3% Y-Y in May. Prices were flat in April, and German unemployment fell by 6-K workers in May, worse than expectations and the 9-K worker decline in April.

  • USD/JPY: -0.61% to 124.05
    • The pair traded a 12-yr high earlier in the session at 125.05
  • GBP/USD: +0.95% to 1.5346
  • USD/CAD: -0.93% to 1.2408
  • AUD/USD: +0.22% to $0.7757
    • The Reserve Bank of Australia (RBA) held its main policy rate 2.00%. The central bank has acknowledged that there’s a property bubble in Sydney
  • NZD/USD: +1.10% to 0.7180
  • USD/CHF: -1.33% to 0.9332


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US Treasury Complex

The US Treasury market fell Tuesday in a curve-steepening trade. While the data releases for the US economy were weak, the move lower was part of a 2nd-leg of a global bond sell-off that began in April and that dynamic is over-riding the weak data in here.

  • Yield
    • 2-yr: Unch at 0.64%
    • 5-yr: +6 bpts to 1.61%
    • 10-yr: +8 bpts to 2.26%
    • 30-yr: +8 bpts to 3.02%
  • News
    • Eurozone CPI grew a higher-than-expected 0.3% y/y in May. Prices were flat in April
    • Factory orders declined 0.4% in April after increasing a revised 2.2% from 2.1% in March, consensus expected orders to be flat.
    • Speaking in Washington, DC this morning, Federal Reserve Governor Lael Brainard said that recent weak economic data is clouding the economic outlook
      • She said that consumers, while crucial to supporting demand, seem “disinclined” to spend their savings from lower gasoline prices
      • She said it was puzzling that housing starts are so slow given strong job growth and low interest rates
    • Greece’s EUR 305-M payment to the IMF is due on Friday, 5 June.

Stay tuned…


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

Trade FX, Equities and Options with the World's Leading Platform , call our trade desk 631 482 0376, or contact us to get started.

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