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Dollar at six-week high on rate-hike bets, Iran war uncertainty
The US dollar remains strong near a six-week peak, driven by inflation fears and the potential for higher interest rates due to the Iran war. This surge is pushing the Japanese yen towards intervention levels. Global bond markets are experiencing a sell-off, with US Treasury yields hitting multi-year highs.
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zerohedge.com
Futures Slide After Bond Yields, Oil Prices Jump Around The Globe
"Bonds were more nervous about the inflation picture and the equity market was comforted and encouraged by the very strong earnings and AI-led optimism"
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channelnewsasia.com
Dollar edges up as investors weigh Iran peace hopes against Fed rate outlook
May 19 : The U.S. dollar rose on Tuesday as investors balanced cautious hopes for a Middle East peace deal against concerns that the Federal Reserve could raise rates to curb…
