US 10-year yield surges, USD falters amid technical frenzy

<iframe data-media- src="https://www.youtube.com/embed/1KLTZOXWeJw" allowfullscreen="" width="560" height="315" nuan_newframe="true"></iframe><p><br></p><p>As the US 10-year yield moves higher, the USD is moving lower. That is not the normal relationship, but it is today.</p><p>Technicals seem to be in play as the 10-year yield bounces off a key support area near 4.34%.&nbsp; Meanwhile, the USD is breaking to the downside against a number of the major currencies.&nbsp;</p><p>So technicals seem to be the driving force behind the moves.&nbsp;</p>

This article was written by Greg Michalowski at www.forexlive.com.