Daniel Grizelj
Overview
The US dollar is trading softer against most G10 and emerging market currencies today. The dollar seemed to lose its bid late yesterday after Federal Reserve Governor Waller argued in favor of a rate cut at this
Waller May Be Alone In Advocating July Rate Cut, But It Weighs On The Greenback
Summary
- The US dollar is trading softer against most G10 and emerging market currencies today.
- Equities are mostly firmer today after the S&P 500 and Nasdaq reached record highs yesterday.
- The 10-year US Treasury yield is slightly softer, near 4.44%, which is up about three basis points on the week.
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense