USDOLLAR diverges from real yield, a dollar floor may be near in the short-term
In a previous article we suggested that the US 10-year real rate was topping out and had charted a head and shoulders top. This pattern is still evident but is yet to breakdown. Rather the real yield has found support near the 2.09% (green horizontal arrow). In fact, the real yield has bounced slightly since hitting support and is now trading near 2.20%. FXCM’s USDOLLAR has continued to chart a…
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