Can the US dollar rally last?


At 9.30 am(0130 gmt), the local note was quoted at 3.9100/9150 versus the greenback from 3.9170/9200 on Friday.

The US dollar is in rally mode. It first picked up steam as the 10-year Treasury yield edged towards the psychological level of 3% which it eventually breached.

Helped by a lift in short- and long-dated US bond yields to fresh multi-year highs while geopolitical risk perceptions have tentatively waned, the greenback has rallied close to 3% since late March.

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Business , Anthony Dass , economy , dollar , rally , bond , yields , Fed , US , interest rates ,

   

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