US Dollar Index portrays three-day uptrend despite sluggish Treasury bond yields – by anilpanchal7 DollarIndex YieldCurve Fed RiskAppetite China
the greenback’s gauge versus the six major currencies pokes the highest level in a week despite a light calendar.
On the same line could be the downbeats prints of the US inflation expectations, as per the 10-year and 5-year breakeven inflation rates per the St. Louis Federal Reserve data. That said, the inflation precursors dropped for the second consecutive day on Tuesday. However, the last week’s firmer US employment data and Monday’s strong US ISM Services PMI seemed to command major attention and hence keep the hawkish bets on the Fed’s next move intact, which in turn favored DXY bulls.
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