Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff

Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield holding near 4.5%, continued offering support to the greenback even as softer-than-expected monthly PCE inflation data eased immediate fears of
The post Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff appeared first on ActionForex.

Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield holding near 4.5%, continued offering support to the greenback even as softer-than-expected monthly PCE inflation data eased immediate fears of […]

The post Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff appeared first on ActionForex.

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