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Dollar struggles on Fed pause talk ahead of jobs data

“The benchmark U.S. 10-year Treasury yield was last at 2.896 percent after dipping overnight to its lowest level since late August” writes unknown author for The dollar index, which measures the greenback against a basket of six major peers, was virtually flat at 96.802.The spread between the two-year and five-year U.S. Treasury yields inverted this week and the two-year/10-year spread was at its tightest in more than a decade amid a sharp fall in long-term rates.”The dollar funding over the calendar year-end hasn’t really been as aggressive as we’ve seen in the past few years,” he said.”If we see any cracks appearing in there, the U.S. dollar will start to fade off.”.

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