Dollar steadies as optimism over China reopening turns to caution - Economic Times

The uncertainty over the global economic outlook, along with mounting worries about a recession in the U.S., saw the two-year Treasury yield, which typically moves in step with interest rate expectations, slip overnight. It last stood at 4.3512%.
The dollar steadied on Thursday after riding long-end U.S. Treasury yields higher overnight, as initial optimism over China's reopening fizzled. Following China's removal of its quarantine rule for … [+2184 chars] Read More