“U.S. yields may not stabilize until we have consistent improvements in U.S. data, which means that for the time being, the trend in the greenback could still be lower,” Kathy Lien, managing director of FX strategy for BK Asset Management, said in a note, Reuters reports.
The U.S. dollar has been weakening this year, with the PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP) down 0.5% year-to-date.
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