Bond selling returns: US dollar climbs to the highs of the day

<p>The latest economic data wasn't exactly a screaming buy for the US dollar. The durable goods orders data was soft while the initial jobless claims numbers were on the strong side.</p><p>I wouldn't hang the latest dollar strength on that. Instead, I think bond flows are back, perhaps partly due to risk appetite following NVDA's blockbuster quarter. All month long, we've seen bond selling around this time, so it's not a surprise that it's returned. And though yields have only taken back a bit of yesterday's long-end decline, the dollar has recouped all of yesterday's slump.</p>

This article was written by Adam Button at www.forexlive.com.

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