{"id":94143,"date":"2023-12-15T01:18:06","date_gmt":"2023-12-14T21:18:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=94143"},"modified":"2023-12-15T01:30:58","modified_gmt":"2023-12-14T21:30:58","slug":"treasury-yields-sink-leading-us-dollars-decline-to-multi-month-lows","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/treasury-yields-sink-leading-us-dollars-decline-to-multi-month-lows\/12\/15\/market-updates\/","title":{"rendered":"Treasury yields sink leading US dollar\u2019s decline to multi-month lows"},"content":{"rendered":"\n<p>The US dollar is experiencing a weakening trend, with the DXY Index hovering around 101.90, its lowest level since August. <br><br>The Fed&#8217;s announcement of three rate cuts for 2024 has weighed heavily on US Treasury yields and the dollar. The Fed&#8217;s stance aligns with market expectations, fueling risk-on flows. <br><br>Despite positive retail sales figures from November, the US dollar has lost ground. The November Retail Sales report showed a 4.1% YoY increase, a stronger performance than the previous month&#8217;s 2.2% increase. The US Department of Labour reported Initial Jobless Claims at 202K, signaling an unexpectedly healthy job market.<br><br>US bond yields are declining, with rates at 4.35% for the 2-year yield, 3.87% for the 5-year yield, and 3.91% for the 10-year yield. The CME FedWatch Tool projections suggest that markets foresee rate cuts as early as March 2024. <br><br>The index is positioned below the 20, 100, and 200-day SMAs, indicating a dominant bearish bias in the larger context.<br><br><br>Support levels: 101.50, 101.30, 101.00.<br>Resistance levels: 103.45 (20 and 200-day SMA bearish crossover), 104.50 (100-day SMA), 104.70.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar is experiencing a weakening trend, with the DXY Index hovering around 101.90, its lowest level since August. The Fed&#8217;s announcement of three rate cuts for 2024 has weighed heavily on US Treasury yields and the dollar. The Fed&#8217;s stance aligns with market expectations, fueling risk-on flows. Despite positive retail sales figures from &hellip;<\/p>\n","protected":false},"author":13,"featured_media":91453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6984,8367],"class_list":["post-94143","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-treasury-yields","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=94143"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94143\/revisions"}],"predecessor-version":[{"id":94151,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94143\/revisions\/94151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/91453"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=94143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=94143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=94143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}