Treasury Yields Edge Lower as Dollar Gains Ahead of Fed Decision
U.S. Treasury yields edged lower while the dollar gained ahead of Wednesday’s Federal Reserve rate decision. BankPro’s Paolo Broccardo attributed the dollar’s gain to weakness in the euro and yen.
1132 GMT - U.S. Treasury yields edge lower while the dollar gains ahead of the Federal Reserve's rate decision Wednesday. The dollar benefits from weakness in the euro and the yen, says BankPro's Paolo Broccardo. "Markets could remain cautious ahead of the Federal Reserve decision," he says.
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