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EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Stays Strong As Treasury Yields Test New Highs
U.S. Dollar: chart U.S. Dollar Index tested new highs after the release of the better-than-expected JOLTs Job Openings report, which showed that the number of job openings increased to 9.6 million. chart In case U.S. Dollar Index settles above the resistance at 106.90 – 107.20, it will head towards the next resistance level, which is located in the 108.00 – 108.35 range. EUR/USD: chart EUR/USD is losing ground as traders focus on rising Treasury yields. The yield of 30-year Treasuries settled above the 4.90% level, the highest level since 2007. chart From the technical point of view, EUR/USD settled below ... (full story)