Bearish Yields Can Send USDollar Lower
10Y US Yields are falling impulsively within wave C as expected after we noticed sharp leg down into wave A, followed by a corrective rally in wave B. So, there can be now space even down to the former wave 4 area at 3.25%. If we consider a positive correlation with USdollar Index – DXY, then USD can face more weakness. Is DXY trying to break bearish triangle?
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