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Dollar headed for worst week in a month; sterling hit after Theresa May’s ‘no deal’ comment

From marketwatch.com

The U.S. dollar strengthened in Friday trading but still looked set for its worst weekly performance in a month, while the British pound was pushed sharply lower after Prime Minister Theresa May spoke about the possibility of a “no deal” Brexit. The ICE U.S. Dollar Index DXY, +0.33% was 0.4% stronger at 94.257 on Friday but headed for a 0.7% weekly decline, its worst in a month. Shorter-dated U.S. Treasury yields were on the rise on Friday, with the 2-year yield TMUBMUSD02Y, -0.27% rising to 2.821% and the 10-year yield TMUBMUSD10Y, +0.13% holding above 3%, which lent some support to the greenback. On the Brexit ... (full story)

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  • Category: Fundamental Analysis