The Dollar Slump: Is it Over or Not?
Goldman Sachs Group Inc. says the dollar slump is over. A gauge of the greenback has rallied almost 3 percent from a one-year low reached last week, extending gains even after April payrolls data showed the weakest job growth in seven months. Goldman Sachs says the post-payrolls rally shows that market expectations for economic growth and Federal Reserve interest-rate increases have fallen too far, too fast, positioning the currency for a rebound. Credit Agricole Head of G10 FX Research Valentin Marinov discusses with Bloomberg's Francine Lacqua on "The Pulse."
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HSBC's Major Sees Year-End U.S. 10-Year Yield at 1.9%
28:30 - Steven Major, global head of fixed income at HSBC, examines the message of the latest FOMC minutes and explains his call for a U.S.10-Year yield at 1.9 percent by year's end. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)