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US Dollar Steadies as Treasury Yields Surge, WTI Crude Gains and EUR/USD Firms

October 18, 2023

Via: DailyFX

The US Dollar has slipped through the Asian session after making some headway overnight on the back of Treasury yields pushing toward multi-year peaks.

US retail sales rose by 0.7% month-on-month in September, higher than the 0.3% anticipated and slightly better than the burgeoning 0.6% for August.

Treasury yields leapt higher across the curve with the 5- and 7-year bonds seeing the largest gains, adding around 15 basis points each.

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