Looks like the dollar is the lead dog this morning and yields are trailing behind. The buck has been firming for the last hour or so, follow-through from yesterday’s failure to hold gains to the 1.3500 level in EUR/USD.
Perhaps those few brave souls willing to take a swing at the pinata in the last few days are heading for the sidelines at long last for the balance of the holiday season.
EUR/USD trades now at 1.3310 while US 10-year notes are up to 3.45% in yield.
