On Friday, falling bond prices pushed the benchmark 10-year Treasury yield briefly above 4.5%, up from 3.99% just a week prior. The ICE U.S. Dollar Index hit its lowest level in three years.
"The market is re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization," Deutsche Bank strategist George Saravelos said in a note to clients Friday.
Yep Trump did that
"The market is re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization," Deutsche Bank strategist George Saravelos said in a note to clients Friday.
Yep Trump did that
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