The US Dollar rally has continued to another fresh 2023 high. Price crossed the 105.88 level on Monday and the bullish trend has seemed to hasten since that breakout. At the source of the move is US rates, with 10-year yields flying to fresh 16 year highs. And behind that move is last week’s FOMC rate decision in which the bank modified their forecast for rate cuts next year, reducing their expectation down to two from a prior four. In the week since that rate decision there’s been some sizable moves in markets, such as I had talked about in yesterday’s webinar. On the rates front, treasury yields are showing ... (full story)