Growth concerns and policy uncertainty sent the dollar and Treasury yields lower

On March 11, Pepperstone strategist Michael Brown said in a report that the dollar fell along with U.S. Treasury yields due to concerns that the U.S. economy would lose momentum under Trump’s leadership and increased policy uncertainty. The Trump administration is doubling down on its philosophy of trading short-term economic pain for long-term gains, and continued weakness has pushed yields lower, putting pressure on the dollar, and “a broader exodus from dollar-denominated assets has also played a role.” At the same time, the market will focus on the US job openings data due tonight, which will exacerbate the existing nervousness about weakening economic momentum.