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All posts by FX Street

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NZD/USD keeps melting as US yields push higher

NZD/USD bears offer no respite as the downtrend keeps extending towards the 0.7000 handle. Friday is the most important day of the week for the USD with the PCE and GDP data.  The surging US 10-year note yield remains the main driver behind the US dollar

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EUR/GBP sub-0.8740 waiting for EU and UK key data

The EUR/GBP is slowly drifting down but the range remains very narrow suggesting that investors are waiting for more information.  Next key event in line is the ECB rate decision on Thursday which is widely expected to leave rates on hold.   The EUR/GBP is

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Main market movers today – Danske Bank

The Research Team at Danske Bank is out with its daily list of the key market moving events. Key Quotes: “There are no significant economic data releases on the calendar, so financial markets will continue to focus on the rise in global yields and its

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USD/JPY climbs over 109 ahead of European markets

Spiking Treasury yields are driving the US Dollar higher against the Yen, and the USD/JPY is climbing into fresh highs. Little data on the docket for Wednesday leaves markets exposed to broader sentiment as bond yields hit key levels. The USD/JPY is breaking higher in