US Yields Drop, Dollar Weakness Ahead for EUR/USD and AUD/USD
The US two-year yield has been trending downwards after reaching around 4.910% on its daily chart, according to TradingView.
This development could lead to a weakening of the dollar, providing support for EUR/USD and AUD/USD rebounds.
Copper is also holding its ground, maintaining its bullish trend above its 50-day EMA.
An analyst notes that they are paying more attention to the 2-year yield as it could be a sign of dollar weakness if it rolls over.