Forex Consulting

Audio recap: PBOC credited for Tuesday’s USD rally

Quick recap on trading today so far The US dollar continued with its attempt to make a recovery run in early 2018, extending gains against most currencies out there, with the Yen and Kiwi as exceptions. Lack of any meaningful economic data had many attributing today’s bout of Dollar strength to the PBOC. Copyright 2015…

Forex Consulting

US sells 3-year notes at 2.080% vs 2.090% WI bid

US 3-year auction results – Prior was 1.932% – Bid to cover 3.13 vs 3.15 prior The auction stops through by about 1 basis point. The strong auction flies in the face of the Treasury selloff today. But since most of the selling is on the long end anyway, this might only help to steepen the…