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The US dollar is experiencing a significant surge, reaching a 17-month peak as global bond yields continue to rise. Investor anxiety over inflation and increased government borrowing is steering market trends. As a result, yields on 10-year US Treasuries have soared to their highest point since 2002. Meanwhile, the…
US dollar seems to be having a good week, climbing to a 17-month high on Friday towards its third straight week of gains. The momentum comes as a global bond rout pushed borrowing costs higher and left the euro facing fresh losses.
The U.S. dollar TVC:DXY rose to an 18-month high this week as interest rates NASDAQ:SHY NASDAQ:TLT AMEX:ZROZ NASDAQ:IEF continued to make fresh multi-year highs.Changing hands just above 102 on Friday, the U.S. Dollar Index TVC:DXY was up nearly 4% this year, as resilient economic data and stubborn…