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EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower Despite Rising Treasury Yields
U.S. Dollar: chart U.S. Dollar Index is moving lower despite rising Treasury yields. Traders reduce their bets on hawkish Fed despite the strong rally in the equty markets, which may lead to higher inflation. Stock investors may take some profits off the table and use them for personal consumption, boosting prices. Currently, U.S. Dollar Index is trying to settle below the support at 103.50 – 103.75. In case this attempt is successful, U.S. Dollar Index will head towards the next support level, which is located in the 102.80 – 103.00 range. EUR/USD: chart EUR/USD gained some ground as traders reacted to U.S. ... (full story)