EMFX Climb, Bond Yields Ease, Stocks Erase Gains Summary: The Australian and Canadian Dollars outperformed, finishing as best performing FX in volatile trade.
Summary: The benchmark US 10-year treasury yield kept climbing, finishing another 4 basis points higher to 1.88% from 1.84% yesterday, and 1.78% Monday.
JPY Outperforms, GBP, AUD Flat, Stocks Fall, Yields Ease Summary: The Dollar’s sell-off that began this week slowed after US Producer Prices rose less than expected in December.
Summary: Fed Chair Jerome Powell stated that the Federal Reserve should be able to raise interest rates without damaging the job market in hearings before the US Senate.