As investors await Friday's annual Jackson Hole speech by Federal Reserve Chair Jerome Powell, the Dollar Index (DXY) achieved its fifth consecutive weekly gain. While investors are not expecting a significant shift in the Fed's messaging, there is anxiety that Powell will underline the risk that interest rates will need to stay higher for longer—a signal that would support the US currency. The DXY index, which tracks the US currency against six major peers, has also been supported by resilient economic data and the climb in 10-year US Treasury yields to their highest level since 2007. Ten-year US real yields of ... (full story)