The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.
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The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.
from DailyFX – Market News https://bit.ly/3aj2PZ0
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EUR/JPY rates have rallied to fresh yearly highs, while EUR/USD rates are racing towards the yearly high set earlier in December.
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Trader confidence is high on the US stimulus package, the EU-UK trade deal and the coronavirus vaccine rollout, suggesting further gains for ‘risk-on’ assets.
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GBP/USD looks to be consolidating ahead of a further push higher as traders continue to welcome the post-Brexit trade deal between the EU and the UK.
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Germany’s DAX 30 index may continue to push higher on the back of the rollout of Pfizer’s Covid-19 vaccine and the agreement between the EU and UK on a Brexit trade deal.
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