The US Dollar rolls through markets and strengthens against most major G20 currencies.
US equities are falling further while markets calibrate the new normal for the Fed interest-rate outlook.
The US Dollar index adds even more gains to its October rally and trades in a crucial technical area.
The US Dollar (USD) speeds up its rally this Wednesday just ahead of the US Opening Bell, fueled by uncertainty ahead of the US presidential election and safe-haven inflow after equities extend their downbeat performance. Meanwhile, US bonds are continuing to sell off, which means US rates are surging with the US 10-year benchmark having rallied from 4.07% on Monday to 4.23% on Wednesday. The King Dollar is back on the scene and might even accelerate further as uncertainty
2024-10-23