The Dollar Gets Off the Mat
The dollar is powering ahead.
The euro has touched a new session low against the dollar at 1.4769, according to EBS via CQG. The move comes as Treasury futures reach their highest prices of the day on the stellar Treasury auction and as the S&P remains in the red (Dow slightly higher).
The indirect bid in this auction – a proxy for foreign investors including foreign central banks – was 44.5%, underscoring that foreign investors interest in dollar-denominated assets remains strong, hence the support for the dollar.
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The Dollar Gets Off the Mat
