Dollar Strengthens Amid Rising Treasury Yields

Reported 3 days ago

The US dollar index increased by 0.30% to a 1.5-week high, recovering from overnight losses, driven by stronger 10-year Treasury note yields reaching 4.43%. The yen's weakness, hitting a 2-week low against the dollar, further supported the dollar. Market optimism about potential trade negotiations between the US and EU, following comments from President Trump, provided some stability against stock declines. Similarly, the euro faced pressure from disappointing German trade data.

Source: YAHOO

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