Treasury yields, dollar fall after U.S. data; yen flat in wake of BOJ

Published by
Reuters UK

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. 10-year Treasury yields slipped to a four-month low and the U.S. dollar index declined on Wednesday as data showed U.S. retail sales fell more than expected in December, while the yen was little changed in the wake of the Bank of Japan’s decision to maintain ultra-low interest rates. A global stock index was up, but Wall Street stocks were little changed after opening higher. The drop in U.S. retail sales, together with subsiding inflation, could encourage the Federal Reserve to further scale back the pace of its interest rate increases next mo…

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