**As seen at FX Quotes Report 12/05/21,subscribe at cablefxm.co.uk/reports
Last week we saw the EUR leading gains vs the USD at 0.53%, while the antipodes bottomed the performance ranking, posting losses above 1% each
The FX spot moves were mostly in line with their weekly 5-year yield moves, Germany 5-year Bund yield increased by 0.74 basis point, while the Australian equivalent saw declines of 4.50 basis points
Japanese 5-year JGB increased by 1.04bps, while the Japanese yen saw gains of almost half a percent vs. the USD. The dollar posted a flat week, U.S. 5-year yields declined by 2.36bps. The relationship between yields and FX spot returns saw an R^2 of 0.54 this week
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