Supported by hawkish statements from the Federal Reserve and high US yields, the US dollar index is basically flat, and is expected to record a 1% weekly increase this week. The US dollar spot index fell slightly by 0.1%, after closing higher for five consecutive trading days. The 10-year US Treasury yield fell 1 basis point to 5.19%. Shen Mingsong, foreign exchange strategist at OCBC Bank, said, “Higher yields, high energy prices, and continued concerns about inflation support the market's demand for the US dollar.” He added: “Next week's non-farm payrolls report may determine whether the dollar can continue this round of gains.”
Zhitongcaijing · 2d ago
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Supported by hawkish statements from the Federal Reserve and high US yields, the US dollar index is basically flat, and is expected to record a 1% weekly increase this week. The US dollar spot index fell slightly by 0.1%, after closing higher for five consecutive trading days. The 10-year US Treasury yield fell 1 basis point to 5.19%. Shen Mingsong, foreign exchange strategist at OCBC Bank, said, “Higher yields, high energy prices, and continued concerns about inflation support the market's demand for the US dollar.” He added: “Next week's non-farm payrolls report may determine whether the dollar can continue this round of gains.”
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