Fixed and FX latest: debt futures pare declines, but Dollar down to new lows

Bonds have clawed back more losses on the back of latest weaker than expected US claims data and a sub-consensus advance Q2 GDP print that is only partly offset by a stronger than forecast deflator and core PCE, with Bunds and Gilts back to flat from fresh lows, at 176.03 and 129.37, while USTs are marginally above par. Conversely, the DXY just dipped a bit further below 92.000 to 91.934 amidst all round Buck selling, but with safer-havens now unwinding some underperformance vs high betas and cyclicals.

29 Jul 2021 - 13:44- Forex- Source: newsquawk

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