Bearish Yields Can Send US Dollar Lower

By Gregor Horvat of www.wavetraders.com

Tuesday, August 6, 2024 8:15 AM EST

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10Y US Yields are falling impulsively within wave C as expected and there can be space even down to 3.25%. If we consider a positive correlation with US dollar Index – DXY, then more weakness can be seen. Is DXY trying to break bearish triangle?

10yyieldsvsDXY

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