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US dollar, Treasury yields slip after data dissapointment

The US dollar and Treasury yields declined on Monday morning, with traders focusing on a disappointing reading on the manufacturing sector.

The dollar index was recently down by 0.06 per cent on the day, having risen earlier by as much as 0.19 per cent. The euro jumped against the buck, trading up 0.2 per cent at $1.1216, while sterling held gains of roughly the same margin to $1.2744. Meanwhile, the greenback’s gains against the yen moderated to 0.1 per cent, leaving it at Y11.38, from the day’s high of Y111.73.

In fixed income, the yield on the benchmark 10-year Treasury note fell 0.0157 percentage point to 2.127 per cent. Yields move in the opposite direction of prices.

The market reaction followed data that showed orders for long-lasting US goods declined in May for the second month in a row.