Rising US Yields Push Dollar Higher, While Yen and Euro Struggle
Dollar strengthened broadly overnight, propelled by the extended rally in US Treasury yields. 10-year yield soared to its highest level since late July, breaching 4.2% mark during Asian trading session. The move reflects growing market expectations that Fed’s monetary policy easing will proceed more slowly than initially hoped. Importantly, there is an increasing belief that […] The post Rising US Yields Push Dollar Higher, While Yen and Euro Struggle appeared first on Action Forex.
Dollar strengthened broadly overnight, propelled by the extended rally in US Treasury yields. 10-year yield soared to its highest level since late July, breaching 4.2% mark during Asian trading session. The move reflects growing market expectations that Fed’s monetary policy easing will proceed more slowly than initially hoped. Importantly, there is an increasing belief that […]
The post Rising US Yields Push Dollar Higher, While Yen and Euro Struggle appeared first on Action Forex.
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