Euro futures slide as short-term yields rise after Jackson Hole
Euro futures posted their largest percentage decline in a four-session slide, after hawkish Jackson Hole comments lifted short-term Treasury yields and shifted rate expectations.
Bob Iaccino analyzes the currency markets as Euro futures experience their largest percentage decline in a four-session slide.
The move follows hawkish comments at Jackson Hole, which pushed short-term Treasury yields higher and shifted rate expectations.
Iaccino details how the stronger dollar and rising short-term yields are creating a headwind for the euro, reversing the support the currency had seen from earlier Treasury buyback plans.