Forex Today: DXY recovers despite risk appetite; focus turns to inflation data – by MSalordFX DollarIndex Inflation RiskAppetite
Here is what you need to know on Thursday, March 30:
US bonds moved sideways on a quiet session, with yields hovering near recent highs. The Japanese Yen was the worst performer, affected by risk appetite, higher yields and expectations that the Bank of Japan will continue its current policy until the second half of the year.US Dollar Index climbed to the highest level in two months above 1.2350 but reversed, falling toward 1.2300. The Euro and the Pound are holding on to significant monthly gains versus the US Dollar.
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