US dollar strengthens, rumours abound

Author: Adam Button | Category: News

There is some lockdown talk

AUD/USD:
US 10s
There is a rumour doing the rounds that France, Italy and Spain will go back into national  lockdowns this week.

I'm hesitant to even repeat the rumour because I can't track down the source and I don't think it's true but it's out there and it might be adding some weight to this US dollar move.

At the same time, I don't want to fade the dollar rally because there is some real negativity in the market today related to the virus and political uncertainty. US 10-year Treasury yields are threatening to fall back below 0.80%.
AUDUSD
 
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