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Everything Is Crashing: Stocks, Bonds, Crypto, Commodities All Tumble

Everything Is Crashing: Stocks, Bonds, Crypto, Commodities All Tumble
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Dollar at 2-week low as U S yields slip on reduced Fed tightening bets

Dollar at 2-week low as U.S. yields slip on reduced Fed tightening bets By Hideyuki Sano FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph TOKYO (Reuters) – The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged. The dollar index hit a two-week low of 92.246, slipping further from a five-month high of 93.439 set on March 31, and last stood at 92.343. “Following the dollar’s strong gains last quarter, some investors appeared to have over-allocation in dollar assets and they probably need to sell dollars for rebalancing,” said Kazushige Kaida, head of FX Sales at State Street Bank’s Tokyo branch.

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