Treasury Yields Rise to a 16-Year High as Risk Aversion Mounts
The Dollar Index is off to a strong start this week, reaching its highest level since November 2022, as traders flock towards safe-haven assets amidst unease about the global economy.
The Dollar Index is off to a strong start this week, reaching its highest level since November 2022, as traders flock towards safe-haven assets amidst unease about the global economy.
The Dollar is clinging to modest gains this morning following the latest US consumer inflation report that was slightly hotter than expected.
After yesterday's 0.5% decline, its worst day since July 13, the US Dollar Index is rebounding this morning as markets react to this morning's batch of Eurozone and UK data, as well as some minor US reports.
The US Dollar is tumbling this morning, falling off from the March high seen on Friday as both the BOJ and PBOC helped boost their respective currencies at the expense of the Greenback.