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Dollar remains strong ahead of US Q3 GDP
Markets have become very choppy in recent days, but there are still some key moves being seen. Bond yields continue to rise as bonds are being sold off. The latest catalyst was the better than expected rise in UK GDP growth for Q3 yesterday which drove UK Gilt yields higher and the mood was reflected across other key bond markets. The dollar remains strong ahead of the key US Q3 GDP growth announcement today, whilst Treasury yields are pushing strongly higher with the US 10 year yield now above 1.85%. This is helping to maintain the dollar strength as expectations of a Fed rate hike in December continue to climb, ... (full story)