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.

theinvestingforex theinvestingforex
Oct 22, 2024 - 11:11
0 1
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.

Read More