Dollar is sharply lower this week, with particular weakness in USD/JPY, as dragged down by falling treasury yields. Yesterday’s auction of $35b 2-year notes in US attracted solid demand, with bid-to-cover ratios at 3.71 times, highest in more than two years and versus 3.51 times over the last four sales. Daily Report: Dollar Sharply Lower after Solid 2 Year Notes Demand, More Bond Auctions ahead

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  1. Mid-Day Report: Euro Extends Recovery after Solid Portugal Bond Auction, EU Aid Plan
  2. Daily Report: USD/JPY Rises on Yield, Bernanke Testimony and 10 Year Bond Auction Watched
  3. Daily Report: Dollar Weakens as Yields Fall again, Swissy and Yen Remain Strong
  4. Daily Report: Canadian Dollar Breaches 2+ Year High on Commodity Strengths
  5. Mid-Day Report: Euro Jumps on Decent Spain Auction, Yen Consolidates after Spike

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Filed under: Action Forex Market Outlook

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