US Dollar Soars as Surging Yields Attract Massive Demand
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...
Source: bkassetmanagement.com