The <.RDDXY> Cable FX Macro Dollar Index, a measure of the dollar vs G10 peers, is unchanged on Thursday session. Our measure of the greenback had seen gains on Tuesday and Wednesday, today's docket held U.S. tier-1 data and the ECB rate decision
Follow through in the dollar is looking fragile as rates outperform across the curve. We saw the U.S. 10-year yield breach 5.0% earlier in the week before pulling back, last at 4.845%, down 11.0bps on the day. The 2s10s curve is now flatter by 3.1bps to -19.3bps, curve inversion is marginally changed from last week
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