Dollar traded without a clear direction during Monday’s European session, even though CME FedWatch showed the probability of a December 25bps hike rising from 70.7% at Friday’s settlement to 76.6%. The US 2-year Treasury yield was little changed around 4.59%, the 10-year eased toward 4.92%, and Brent crude fell toward $108 on reports that Washington and Tehran were exploring diplomatic options.
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