Dollar softens as bond yields ease; risk aversion is tempered
Bond yields easing helped global markets find respite, offsetting Middle East geopolitical risk aversion. Fed rate-cut expectations also eased as traders looked ahead to U.S. monthly non-farm payrolls data.
CANBERA (dpa-AFX) - The easing in bond yields provided some respite to global markets that helped offset the risk aversion triggered by the geopolitical situation in the Middle East.
Fed rate cut expectations also eased as markets waited for the monthly non-farm payrolls data due from the U.S. on F…