The dollar has soared in the past week, on expectations that the US economy will remain resilient, after the US Federal Reserve (Fed) last week emphasized that it could raise interest rates further. and is likely to maintain higher interest rates for longer periods of time.
“The dollar is benefiting from higher yields,” said Vassili Serebrikov, FX strategist at UBS in New York. Global yields are rising, but with the US economy performing better, the dollar remains attractive to investors.
The US benchmark 10-year bond yield reached 4.688% on September 28, the highest level since 2007.
Data on September 28 showed that the US economy maintained quite strong growth in the second quarter with an annual growth rate of 2.1%.
“The dollar is benefiting from higher yields,” said Vassili Serebrikov, FX strategist at UBS in New York. Global yields are rising, but with the US economy performing better, the dollar remains attractive to investors.
The US benchmark 10-year bond yield reached 4.688% on September 28, the highest level since 2007.
Data on September 28 showed that the US economy maintained quite strong growth in the second quarter with an annual growth rate of 2.1%.
