Higher US yields boost dollar - MarketPulse
Higher US yields boost dollar January 11, 2021SharePrint The US dollar continues to squeeze higher Rising US yields saw the US dollar continue to squeeze higher on Friday, with the dollar index rising 0.30% to 90.10. That theme has continued today, with the dollar index marching another 0.35% higher to 90.40 in Asia. The dollar index has critical resistance at 91.00. A daily close above that level signals that the US dollar short squeeze had the potential to extend much further. The pro-cyclical Australian and New Zealand dollars have both lost 0.65% today and broken technical supports in the...
Source: marketpulse.com