The dollar is slightly weaker this morning after strengthening on the back of Treasury yields at the start of this week.
With Joe Biden taking office next week and the promise of “trillions” in extra Covid-19 stimulus measures, this has resulted in 10-year Treasury yields climbing above 1% for the first time since March. This, in turn, has caused the dollar to strengthen.
There will be a series of speeches from Federal Reserve officials today, which could reveal their next move for monetary policy.
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