The dollar continued to gain yesterday as the US 10-Year Treasury yields continued to soar, hitting 3.095, a level last seen in July 2011. In the UK, earnings excluding bonuses accelerated, making market participants more confident on the prospect of a BoE rate hike this year, perhaps as early as in August.
USD Continues to Gain as US 10-Yr Tr. Yields Jump to Highest Since July 2011
The dollar continued flexing its muscles against its G10 peers yesterday. The only currency that managed to resist the greenback’s strength was CHF, with USD/CHF ending the day virtually unchanged. The main losers were NOK, EUR and AUD in that order.
The US currency stayed on the front seat as the US 10-Year Treasury yields continued to soar, hitting 3.095, a level last seen in July 2011. The 10-Yr yields gathered momentum after the US retail sales data showed that both...
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