U.S. Dollar Slightly Higher Adding to Overnight Gains

Tuesday, 24/07/2018 | 08:38 GMT

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The U.S. dollar escalated slightly today, Tuesday, adding to overnight gains following the rise of U.S. Treasury yields and amid expectations that the Fed will be persisting with rate hikes in 2018.

The U.S. Dollar Index traded at 94.70 rising 0.05%. The greenback was supported on Monday after the 10-year U.S. Treasury yields benchmark appreciation to 5-week highs.

According to Daiwa Securities' chief currency strategist, Mitsuo Imaizumi, the U.S. economy seems to be in an overall very healthy state.

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Source: https://www.exclusivecapital.com/u-s-dollar-slightly-higher-adding-to-overnight-gains/

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