Forex Top Movers: USD is the weak sister; EUR/USD rose the most in majors

FXStreet (San Francisco) - The US Dollar is trading on the defensive on Tuesday as the Greenback is operated in a corrective phase against its major competitors. Investors are closing positions before year-end so that rebalancing is taking place shortly earlier than previous months.

In majors, top performer is the EUR/USD (+0.63%); GBP/USD is mostly unchanged (+0.09%) while USD/CHF is falling (0.62%) amid EUR/USD negative correlation and the USD/JPY is the top loser of the day (-1.04%)

On minors: USD/RUB (+1.45%); NZD/USD (+0.53%) and EUR/GBP (+0.33%) for bulls; while AUSD/USD (-0.92%); USD/ZAR (-0.83%) and CAD/JPY (-0.70%) are the laggards.

At the open, Treasurys are rising 30-year (+0.58%). 10-yr (+0.36%). 5-yr (+0.2%). Oil crude is 0.25% down on the day while Gold is +2.04% positive.

Return to 2.40% yields likely for the10yr US Treasury Notes – RBS

William O’Donnell, Head of US Treasury Strategy at RBS notes that the return to 2.40% is likely for the 10yr notes, currently near 2.25%, trading in the 2.15% - 2.40% range since the middle of October.
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AUD/USD breaching back into neutral territory

AUD/USD is trading at 0.8312, up 0.26% on the day, having posted a daily high at 0.8314 and low at 0.8224.
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