US 10-year bond yield boosts greenback
The US dollar rallied sharply against the major currencies overnight as US 10-year bond yields surged back above 1.60%. The dollar index of major currencies rose sharply by 0.58% to 96.22 overnight, more than offsetting the previous day's falls and leaving major technical support at 95.50 intact once again.
EUR/USD has fallen 0.70% to 1.1300 and has traced out a number of failures ahead of 1.1400 resistance.
04-01-2022 05:26 GMT
by Jeffrey Halley