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US Dollar (DXY) Probes a Fresh Two-Year High, US 10-Year Yield Climbs

April 8, 2022

Via: DailyFX

The US dollar continues to appreciate across the board with the greenback’s strength sending many US dollar pairs to near multi-month and multi-year highs. USD/JPY is within a point of levels last seen in August 2015, GBP/USD continues to test 1.3000, a level that guards lows last seen in November 2020, while EUR/USD is less than 70 pips away from lows last seen in May 2020. With the Federal Reserve looking to raise interest rates by a further 225+ basis points in 2022, according to market pricing, and with other central banks playing catch up in the fight against inflation, the US dollar looks set to appreciate further over the coming months.

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