With capital markets growing more confident that the Fed will raise U.S. interest rates by year-end has treasury yields backing up across the curve and making the “mighty” dollar even more attractive. The U.S. Dollar Index has risen +3.7% this month, currently trading atop at 98.93 overnight, just an inch away from the psychologically important 100 level. Boosted by this spike in treasury yields this week, the dollar is scaling to new heights versus a number of currency pairs – JPY (¥105.22) is trading through the psychological ¥105 handle, China’s yuan is exchanging hands at new six-month lows, while the Turkish ... (full story)