Increasingly frustrated by USD strength? You are not alone! | MarketTalk: What’s up today? | Swissquote
Strong ISM data bolstered the speculation that the Federal Reserve (Fed) could opt for another rate hike before the year end and keep the rates at restrictive levels for longer. The US 2-year yield advanced above 5%, the 10-year yield is around the 4.30% mark.
The US dollar index extends gains toward the 105 level. At 105.40, traders will decide whether the dollar deserves to reverse its yearly bearish trend, and step into a medium-term bullish configuration. But countries around the world react to the dollar’s appreciation. Japanese in particular warn that they will soon step in to stop the...