The USD is falling a little bit against the major bloc
It's a little bit past mid-day in Asian trading and the dollar is slipping again on the day. It's the weakest currency so far in trading today, as it was yesterday as well.
This is coming at the same time as US 10-year yields are hitting its highest levels since 2016, briefly surpassing the 2.63% level.
It looks like this could be another beatdown for the dollar today by the look of things. Earlier in the day, the PBOC strengthened the yuan at the fix again to its best level since December 2015 - and it seems like the market is catching on to that.
