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Dollar Soars vs JPY, CHF; Stocks Rebound as Omicron Fears Ease Summary: A weaker than expected read on the Eurozone Sentix Investor Confidence, a diff

March 4, 2021 Daily FX Market Roundup 03.04.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded sharply higher against all of the major currencies after Federal Reserve Chairman Powell expressed little to no concern about the recent spike in yields. Ten year Treasury yields climbed 4%, closing in on one year high. Stocks crashed in response with the Dow Jones Industrial Average falling more than -300 points. The spike in yields is bad for stocks because higher borrowing costs slows the recovery. The benchmark 30 year mortgage rate for example...

Daily FX Market Roundup 02.25.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • Dollar Soars as 10 Year Yields Rise 10% • Stocks Collapse, Driving Risk Currencies Lower • AUD Hit the Hardest by Risk Aversion • Euro the Most Resilient • US Personal Income and Spending Numbers Next The U.S. dollar is reaping the benefits of rising yields. Since the beginning of the year we’ve seen ten year bond yields in the U.S. move from 0.91% to a one year high of 1.56%. This trend started at the turn of the new year but gained significant momentum in the past few wee...