US dollar rallies on soaring US Treasury yields
The US dollar rocketed on Tuesday as market jitters over Federal Reserve monetary policy tightening pushed US Treasury yields to two-year highs.
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The US dollar rocketed on Tuesday as market jitters over Federal Reserve monetary policy tightening pushed US Treasury yields to two-year highs.
After lacking direction through Monday’s session, the pound may experience more significant movement today on the latest UK jobs data.
The pound firmed last week on optimism that the UK economy will avoid significant disruption and expectations for a rate hike from the Bank of England
The US dollar struck lower again during yesterday’s trading session, amidst a prevailing risk-on mood.
The US dollar stumbled on Wednesday as the latest US consumer price index spurred a modest selloff.
The US dollar weakened in line with US Treasury yields yesterday after comments from Federal Reserve chair Jerome Powell improved market sentiment.
The US dollar got off to a solid start this week, recouping a good portion of Friday’s losses in response to rising US Treasury yields.
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