Last week FED signaled it can stay on hold for a longer period, and then we also got the 150k NFP figures, which was a miss compared to 178k forecast. It is also a much lower number compared to 297k which was in fact revised down from 336K. Also Non-Manufacturing PMI came out 51.8 vs 53.0. So all of this suggests that yields may have toped and that they can be even going lower from here, so USD is down as it should be, while stocks are recovering.
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