The Dollar has traded firmer concomitantly with a rise in Treasury yields following strong U.S. data. The USD index (DXY) posted a fresh six-week high at 96.12 in what is now the fifth consecutive session of rises. EUR-USD concurrently logged a six-week low, at 1.1463. USD-JPY rallied to a new nine-month high at 114.55, despite the Yen managing to gain against other currencies amid a backdrop of wobbling stock markets. The Dollar also posted gains versus the Pound and Dollar bloc currencies, amongst others. We expect more of the same.
[EUR, USD]