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Last Updated Date: 31 March 2021 @ 9:17 AM (UTC)
*Please note that all the dates are in GMT time zone

The trickle lower in the dollar comes as U.S. yields struggled to hold onto the new highs, with the benchmark 10 year treasury yield seen just above 1.72% having traded above 1.78% on Tuesday. However, this slip in yields is likely to be just a period of profit-taking as data continued to point to underlying strength in the U.S. economy.
 

The DXY market is showing a bear downturn and potential for a selling wave to 92.92 as well as potential to 92.73. A drop through 92.73 will foster continuation selloffs today. Any congestion under Tuesday’s range high will keep the market setup in a bear flag. Trade must post a close over 93.50 to reverse out of the current downturn.

 

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