US dollar and interest rate weak

Global market sentiment: The US dollar and US interest rates fell amid weak economic data. All the US data releases undershot their median estimates, 
notably consumer sentiment which caused the sharpest currency moves during the evening. Commodities were mostly rangebound, while the S&P500 
closed almost unchanged near the record high.
Interest rates: US 10yr treasury yields fell from 2.21% to 2.13% while the 2yr yield fell from 0.56% to 0.53%, flattening the curve.Australian 3yr government bond yields followed suit and fell from 2.08% to 2.03% while the 10yr yield fell from 2.90% to 2.83 %.
Currencies: The US dollar index initially rose during the London morning but then abruptly reversed following the US data disappointments. EUR did the 
opposite, bouncing from 1.1324 to 1.1467 -= a three-month high. USD/JPY reversed arounf the same time from 119.92 to 119.19. AUD benefitted from the 
US dollar weakness during the London afternoon, bouncing back from 0.7997 to 0.8062 (near where it closed in Sydney). NZD similarly bounced from 
0.7430 to 0.7495. AUD/NZD ranged between 1.0740 and 1.0800.