Currencies Hold Steady Ahead of Central Bank Decisions
Major currencies traded in tight ranges on Monday as investors braced for a busy week of central bank policy decisions and corporate earnings reports. Falling Treasury yields and easing oil prices weighed on the US dollar.
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Major global currencies traded in tight ranges on Monday morning as a busy week of central bank decisions and corporate earnings got underway, weighed down by a pullback in oil prices and Treasury yields. The United States bond market took center stage, with 10-year Treasury yields falling to 4.967% and 30-year yields easing to 5.299%. Compressing yield differentials between the U.S. and other G10 peers have taken the heat out of the dollar ahead of key monetary policy meetings.
