Reported about 1 month ago
The U.S. dollar surged past 153 yen for the first time in almost three months, riding on the strength of U.S. economic data and expectations of divergent interest rate policies among global central banks. As the dollar approaches its 16th gain in 18 sessions, the yield on U.S. 10-year notes has risen sharply, reflecting confidence in a gradual Federal Reserve approach to rate cuts. Market dynamics are also influenced by the upcoming U.S. presidential election, with speculations favoring a potential Trump victory and its implications for inflationary policies.
Source: YAHOO