The US dollar is slipping lower at the start of the week, extending Friday’s sell-off, as risk markets push higher despite the lack of any, confirmed, positive driver. Equity markets are moving higher, the VIX is moving lower, while gold is testing notable resistance despite lofty US Treasury yields. The 2-year UST is quoted at around 4.68%, while the 10-year is seen at 4.14%. All of this risk enthusiasm despite the Fed hiking rates by another 75 basis points last Wednesday and warning that the market may not have fully priced in the central bank’s intention to curb inflation
