The U.S. dollar saw a retreat on Tuesday, stepping back from a one-month high as yields decreased before the release of crucial U.S. inflation data and the upcoming Federal Reserve meeting. The Dollar Index, which monitors the greenback against a basket of other currencies, was trading 0.3% lower at 104.795 at 04:15 ET (08:15 GMT),
Forex
Following the weekend European elections, the French government bond market experienced significant stress. The 10-year OAT-Bund spread widened by 7-8 basis points, marking its highest levels since last year. The downgrade of France’s sovereign credit rating by Standard & Poor’s to AA- from AA due to budgetary concerns has further exacerbated the situation. This downgrade