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EUR/USD, Platinum and DAX: Rising Yields Pressure Markets

EUR/USD, Platinum and DAX: Rising Yields Pressure Markets

By: 
Christopher Lewis

Rising U.S. yields pressure EUR/USD near key support as Platinum tests $1,750 and the DAX trades within a defined range amid persistent energy concerns.

US 2-Year Yield

Daily candlestick chart of the US 2-Year Treasury yield pulling back near 4.87%.
US 2-Year Treasury yield daily chart displaying a recent rally toward 4.87% with the 10-year yield plotted below.

The 2-year yield looks like it is pulling back just a bit, and that’s where I start. But the 10-year yield is starting to rise yet again, so there is a lot of chaos in the bond market. What this more likely than not will mean is that the U.S. dollar starts to pick up strength yet again.