Monday, May 19, 2014

growth concerns

As geopolitical and global growth concerns ramp up, investors have been shifting assets in directions that hurt the dollar. Those global worries have trumped solid US data, leading investors to buy US Treasurys and unload their long-dollar positions, particularly with the yen,The dollar remains near three-month lows against the Japanese currency, down 0.4% at Y101.17. The euro sits 0.2% higher against the greenback, at $1.3725. Ten-year Treasurys up 4/32 to yield 2.504%.