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Rising yields and month-end help to underpin US dollar bid

The US dollar is broadly higher and adding to momentum at the moment.

Economic data today was a mixed bag and I don't think that was the driver. Yields are moving up for the second day today and that's certainly helping USD. Ten-year benchmark Treasuries are up 4.5 bps to 3.79%, which is a session high.

This move to me looks like it's driven by month-end flows and perhaps by longer-term USD bids. This is shaping up to be the worst month for the dollar in a decade but it comes afte... Read More

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Posted: Nov 30 2022, 15:39

Author Name: forexlive

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