Dollar’s Value Erodes Gradually Further

Overnight the dollar lost another 0.5% against sterling and the kiwi, 0.3% relative to the Australian dollar, 0.2% relative to the peso and yuan, and 0.1% vis-a-vis the yen and loonie. But EUR/USD held steady, and the Swiss franc lost 0.3%. Ten-year sovereign debt yields have settled back three basis points in the U.K., two […]

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