📝 Executive Summary
The US Dollar resumed its upward trajectory, reaching two-day highs following a brief decline on Tuesday. This renewed strength is driven by a significant advance in US Treasury yields across the belly and long end of the curve.
Bullish
🤖 60%
The US Dollar has regained upward momentum, reaching two-day highs as it recovers from a brief decline on Tuesday. This appreciation is directly correlated with a notable increase in US Treasury yields across both the belly and the long end of the yield curve.
Catalysts
- ▲ Rising yields on the belly of the US Treasury curve
- ▲ Rising yields on the long end of the US Treasury curve
Risk Factors
- ▼ Potential reversal in US Treasury yield trends
- ▼ Market volatility causing sudden corrections similar to Tuesday's hiccup
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What is driving the USD's recent gains?
The USD is being supported by a concurrent rise in US Treasury yields across the belly and long end of the curve.
How has the USD performed since Tuesday?
After a brief hiccup on Tuesday, the USD has resumed its uptrend and advanced to two-day highs.