The recent fluctuations in the value of the US dollar appear closely tied to changes in US interest rates. Following the FOMC meeting and the release of October jobs report, the 2Y Treasury Yield experienced a notable decline of 17 basis points, resulting in a broad decrease in the value of US dollar. This decline was particularly pronounced against various currency pairs, with the dollar approaching three standard deviations below it’s 20 day moving average. Initially perceived as a minor …