US FX WRAP: Dollar tracks US yields higher after hot US data; GBP & CHF underperform
The stronger-than-expected US economic data has propelled the dollar higher, tracking the recent rise in US yields.
"US envoy: Iran and its proxies have launched attacks against our partners in the region", Al Hadath reports; Note: desk on look out for details/clarification
Venezuelan interim President Rodriquez says government proposing reforms to oil industry
US FX WRAP: Dollar tracks US yields higher after hot US data; GBP & CHF underperform
TREASURY WRAP: T-NOTE FUTURES (H5) SETTLE 8 TICKS LOWER AT 112-07
US Energy Secretary Wright says US is getting a 30% higher price for Venezuelan oil than three weeks ago; Venezuela's oil production will drive the price of oil down
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This advance in the dollar suggests a heightened expectation for tightening monetary policy, contributing to the underperformance of the GBP and CHF as they fail to keep pace against a firmer dollar and rising yields.
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