Cable reverses to the highs of the day as the US dollar sags
globalreutersJune 11, 20241 Mins read US dollar bulls are suddenly getting cold feet.
A strong auction of 10-year notes today highlighted a bond market that’s less-concerned about inflation or the Fed. That’s been a green light to buy risk assets and sell the US dollar.
Earlier today the pound sank against the US dollar but it’s since made a complete turnaround, rising to the highs of the day.
Similarly, the US dollar is under pressure right across the board.
This article was written by Adam Button at www.forexlive.com.
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