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Market Impact: 0.55

Dollar Rallies on Higher T-note Yields and US Economic Strength

Source: Nasdaq

Currency & FXInterest Rates & YieldsMonetary PolicyEconomic Data

The dollar index rose 0.34% to a near 1.5-year high as the 10-year Treasury yield climbed to 5.34%, its highest level in 24 years. Higher Treasury yields are widening U.S. interest-rate differentials and supporting the dollar, while resilient U.S. labor-market signals reinforce expectations for a hawkish Federal Reserve.

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