The US dollar is the best performing currency among the major bloc
A familiar theme is developing again in the currency market as US 10-year yields finally touch the elusive 3% level.
The dollar is making headway on the day with EUR/USD and GBP/USD down to session lows of 1.2216 and 1.3968 respectively. Ranges are still relatively tight, but it's obvious what the market is signalling right now.
Meanwhile, the two most beaten up currencies are ironically the ones on holiday today with the aussie and kiwi both falling to session lows of 0.7573 and 0.7092 against the greenback.
