DXY : Therefore, it is unlikely that the dollar will continue to
Previously, US Treasury yields had risen sharply since mid-July, making the US dollar more attractive and contributing to the DXY index's more than 6% rise. However, this index has remained largely unchanged since the beginning of October.
Michael Brown, a market analyst at investment broker Trader Safe Havens, said the U.S. dollar can't continue to push higher.
Therefore, the US dollar's appreciation, which has led to a growing long-term copper position, is unlikely to continue, and long-term interest rates may continue to rise unless the Fed reassesses its interest rate outlook. .
The yield on the benchmark 10-year U.S. Treasury note fell in recent trading after rising rapidly to 5.021%. This was the latest phase of a relentless sell-off in the government bond market, as investors accept that central banks will keep yields high for an extended period of time. The 10-year bond yield was previously 4.8375%.
Michael Brown, a market analyst at investment broker Trader Safe Havens, said the U.S. dollar can't continue to push higher.
Therefore, the US dollar's appreciation, which has led to a growing long-term copper position, is unlikely to continue, and long-term interest rates may continue to rise unless the Fed reassesses its interest rate outlook. .
The yield on the benchmark 10-year U.S. Treasury note fell in recent trading after rising rapidly to 5.021%. This was the latest phase of a relentless sell-off in the government bond market, as investors accept that central banks will keep yields high for an extended period of time. The 10-year bond yield was previously 4.8375%.
✔️TP: 105.70
🚫SL: 105.10