US GDP: A figure closer to 5% would likely be needed to prompt a notable move higher for yields and USD

The US Dollar remains broadly stable in the foreign exchange market at the start of the week. Economists at MUFG Bank analyze Greenback’s outlook. US

yields remain elevated, providing USD support The 10-year yield remains close to the 5.00% level and hence risk appetite will likely remain fragile given the challenge for risk assets on a further move higher in US yields.

Q3 GDP from the US will be released this week and the rate of growth is expected to accelerate from the 2.1% QoQ SAAR in Q2 to 4.1% in Q3. With a notable slowdown in GDP growth expected in Q4, a figure closer to 5.0% would likely be needed to prompt a notable move higher for yields and the Dollar.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weekly forex analysis: EUR/USD, GBP/USD, AUD/USD and more [Video]Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY / Gold (XAU/USD) , Bitcoin (BTC/USD) , S&P500 , Cru
Read more »

US Dollar Forecast: The Fed and US Yields Sustain USD SupportProminent Fed members came out in support of holding rates, allowing the bond market premium to keep financial conditions tight. Added safe haven appeal prop us USD
Read more »

USD/JPY looks to approach 150.00 on the stronger US DollarUSD/JPY trades higher near 149.90 during the Asian session on Monday. The pair receives upward support following the comments from Bank of Japan (BoJ)
Read more »

Australian Dollar extends losses amid US Dollar rebounds, focus on US, Australia dataThe Australian Dollar (AUD) continues the losing streak for the fourth successive day on Monday. The AUD/USD pair faces challenges due to a rebound in
Read more »

Euro appears mildly bid near the 1.0600 barrierThe Euro (EUR) is showing a slight strength against the US Dollar (USD), causing EUR/USD to keep the trade around the 1.0600 region at the beginning o
Read more »

FX weekly — DXY and 14 currency pair levels and targetsEUR/USD this week is the most vital currency Vs USD as EUR/USD's direction determines the trade line up for the next month. EUR/USD remains oversold a
Read more »