The Traderszone Network

Published in TZ Latest News 12 May, 2015 by The TZ Newswire Staff

Dollar weakens as debt market shakeout persists

The euro rose against a broadly weaker dollar in Europe on Tuesday, with gyrations on the bond market undermining the broad story of U.S. currency strength that has dominated the past year on foreign exchange markets. The latest move in a repricing of risk in the bond market, which analysts are still struggling to explain, was a move higher in longer-dated U.S. Treasury yields overnight, and that should benefit the dollar.