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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

The markets continue to watch interest rates with a bit of fear, as assets are being influenced by higher borrowing costs.

US02Y Technical Analysis

Daily chart of the U.S. 2-Year Treasury Yield on TradingView at 4.810%, holding above its EMAs of 4.553% and 4.137%.
Daily chart of the U.S. 2-Year Yield (US02Y) on TradingView at 4.810% with EMAs at 4.553% and 4.137%.

The U.S. 2-year yield is climbing a little bit during the early part of the trading session on Thursday here, but it’s not a huge surprise considering that we are also seeing crude oil rally, so it’s just putting a little bit more energy inflation concerns out there.