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U.S. Dollar rises over higher Treasury yields

Mohamed Abdelhamid 27 September, 2021 9:22 pm Forex Market, Market Update

The U.S. dollar has gained for a second straight session on Monday, bolstered by the rise in Treasury yields.

The U. S. dollar’s latest move is ahead of announcements by Federal Reserve speakers this week, which could support expectations of the start of asset purchase tapering before the end of the year.

The US Dollar Index (DXY) is trending higher and on the verge of testing significant resistance levels towards the final frame of the year.

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