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US Dollar Index (DXY) News: Rising Treasury Yields, Yen Decline Drive Greenback Higher
The US Dollar Index (DXY) saw fluctuations this week, influenced by rising Treasury yields and significant movements in the yen following recent statements from the Bank of Japan (BOJ). These developments provided traders with insights into the short-term direction of the dollar amid global economic uncertainties. At 20:03 GMT, the U.S. Dollar Index (DXY) is trading 103.196, up 0.266 or +0.26%. Treasury yields saw a notable recovery on Wednesday as global markets rebounded from an early-week sell-off. The benchmark 10-year Treasury yield climbed over 7 basis points to 3.963%, while the 2-year note yield increased ... (full story)