USD Gains Strength on Hawkish Fed Bets, Higher Yields – MUFG
The US dollar remains firm after last week's breakout, supported by a hawkish repricing of Fed rate hike expectations and a rebound in US yields, according to MUFG analyst Lee Hardman. Markets now see roughly even odds of a near-term Fed hike, despite falling oil prices amid US-Iran progress.
DXYEURUSD
The US dollar is maintaining its stronger footing after last week's breakout, driven by a hawkish repricing of Federal Reserve rate hike expectations and a rebound in US yields, according to MUFG analyst Lee Hardman.
Markets now assess roughly even odds of a near-term Fed rate hike. This dollar strength persists even as oil prices decline on progress in US-Iran negotiations, which would typically weigh on the greenback.
Source: FXStreet Forex News