ForexLive Americas FX news wrap: Canadian jobs tee up a BOC taper 0 (0)

Forex news for North American trade on July 9, 2021:
Markets:
For a holiday-shortened week at a time of year that can be absolutely dead, this one had plenty of twists and turns. Friday was no different as the week-long bid in the US dollar vanished in a broad set of retracements that erased so of this

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US 10-year yields grind to a fresh daily high and dollar continues slide 0 (0)

Not the usual correlation
This week’s theme has been lower yields and a higher dollar but it started unwinding yesterday and that has continued.
US 10-year yields are now up 7.2 bps to 1.36% today. That’s 11 bps above yesterday’s lows, which coincided with the 200-day moving average.

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Cable continues to soar like it’s pricing in an England win 0 (0)

No offense to our Scottish and Welsh readers
The cable bid has been relentless today.
It was briefly squashed on fixing sales but it quickly came back and has been a one-way move that’s now extended to 100 pips. I earlier said that the weekly high of 1.3898 was out of reach before the close but

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