Dollar hits fresh 20-year record high
Economies.com
2022-05-09 12:42PM UTC
Dollar rose in European trade for the third straight session, hitting fresh 20-year highs, as US 10-year treasury yields spike.
The dollar index
The dollar index rose 0.5% to 104.19, the highest since January 2002, after closing up 0.1% on Friday, the second profit in a row.
The dollar index rose 0.45% last week, the fifth weekly profit in a row.
US Yields
US 10-yeae treasury yields rose 1.7% for the third session, hitting 3.203%, the highest since November 2018.
The strong US labor data last week have bolstered the case for a 0.75% hike at the next Fed meeting to nearly 75%.
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