Dollar in Doldrums as Traders Rethink Reflation Trade Amid Yield Struggles

By Investing.com5 days ago

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© Reuters.

By Yasin Ebrahim

Investing.com The dollar fell against its rivals Thursday, and remains set to snap a three-week winning streak as the reflation trade that had pushed bond yields appear to be running out of steam.

The U.S. dollar index, which measures the greenbacks strength against a trade-weighted basket of six major currencies, fell 0.43% to 92.07.

The dollar followed U.S. bond yields higher, which trade inversely to price, as investors are begging to release “the bar for the next leg of the sell-off is thus getting higher,“ Commerzbank (DE:CBKG) said.

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