US dollar recovers some losses as equities give back gains

<p>The US dollar has recovered some of the selling after non-farm payrolls as equities give back gains. Notably, Treasury yields remain near the lows of the day, led by a 13 bps fall in 7-year notes.</p><p>The dollar has been dragged around by fixed income this week but its stocks behind this move. The S&amp;P 500 is now up just 4 points on the day at 4506 from a high of 4540.</p><p>The dollar bounce is strongest against commodity currencies but the euro is starting to move as well.</p>

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