Dollar rebounds from two-week lows, why?
Dollar rose in European trade off two-week lows against a basket of major rivals on track for the first profit in three days.
The gains come amid positive developments in the US bonds market, bolstering the case for US dollar investments. .
The Index
The dollar index rose 0.3% on Tuesday to 104.26, with a session-low at 103.77, after closing down 0.2% yesterday, marking two-week lows at 103.67.
US Yields
US 10-year treasury yields rose 1.7% for the third straight session, heading for 11-year highs at 3.5%.
Higher yields underpin the dollar and hurt gold demand, as analysts now expect a solid 0.75% rate hike in July to control record inflation.
Consumer Sentiment
Now investors await data on US consumer sentiment later today, important for gauging the market's confidence.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0169
|
-0.0049
|
0.4839%
|
|
|
|
|
1.2106
|
0.0001
|
0.0120%
|
|
|
|
|
20.090
|
-0.160
|
0.793%
|
|
|
|
|
86.650
|
-0.611
|
0.700%
|
|
|
|
|
92.34
|
-2.76
|
2.90%
|
|
|
|
|
1774.875
|
-6.810
|
0.382%
|
|
