US Dollar index Consolidates After Jumping
FxPremiere.com – US Dollar – The dollar was marginally lower in early trade in Europe Wednesday, consolidating after being pulled higher by rising bond yields and a broad drop in risk appetite as the U.S. returned from a long holiday weekend on Tuesday.
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The main driver for that upward move had been fears of inflation and expectations of aggressive action by the Federal Reserve to contain it.
The yield on the 10-year benchmark U.S.
The sell-off in bonds has not been limited to the U.S.
Usdchf by fxpremiere on US Dollar Kiwi dollar Aussie jump on central bank
The euro was flat at $1.1332, after falling over 0.5% on Tuesday.
Forex Signals – Dollar Gains as Yields Rise
That pushed the annual CPI up to 4.2% and the annual core CPI up to 5.3%.
Other factors supporting the dollar have been the sharp rise in oil prices in recent days, which raises the dollar needs of non-U.S. who have to buy fixed amounts of oil.
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US Dollar index Consolidates After Jumping
US Dollar index Consolidates After Jumping
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US Dollar index Consolidates After Jumping
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