US Dollar Down, US Treasuries Mixed

Posted by: : Paul EbelingPosted on: April 15, 2015 US Dollar Down, US Treasuries Mixed
 

US Dollar Down, US Treasuries Mixed

The US Dollar (.DXY) Index lost ground against all peers, down 0.29% to 98.45

  • One wave of US Dollar selling was set off by the weak Empire State Manufacturing Index report, but another wave of selling began late morning.
  • The Bank of Canada met and held its main policy rate at 0.75% for a 2nd straight meeting
    • The central bank also said that the worst effects of collapsing Crude Oil prices may already be over for Canada
    • USD/CAD: -1.43% to 1.2310
  • The ECB met Wednesday and left rates and its QE type asset purchase program unchanged. After the p
    • European sovereign yields declined sharply today
    • EUR/USD: +0.23% to 1.0672
  • Koichi Hamada, a Key adviser to Japanese Prime Minister Shinzo Abe, retracted his remarks from Monday, which seemed to imply that a USD/JPY rate of 105 was acceptable. He now says, “120 yen per dollar is acceptable”
    • USD/JPY: -0.42% to 118.95
  • Other Rates:
    • AUD/USD: +0.80% to 0.7679
    • NZD/USD: +0.95% to 0.7585
    • USD/CHF: -0.84% to 0.9645

 

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US Treasury Complex

US Treasury yield curve is steeper in volatile trade

  • After a sell-off Wednesday morning, the US Treasury complex reversed higher following the weak Empire State Manufacturing data. At 12:30p EDT, higher Crude Oil prices, and a declining USD eventually pushed 5’s, 10’s, and bonds down, with the bond even nearing its morning lows.
  • Yield
    • 2-yr: -1 bpt to 0.50%
    • 5-yr: -2 bpts to 1.32%
    • 10-yr: Unch at 1.89%
    • 30-yr: +1 bp to 2.55%

Stay tuned…

HeffX-LTN

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 Open an account here , call us at 305 4904 116, or email us to get started.

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