The USD soared to a five-month peak on Tuesday, propelled by robust economic indicators that tempered expectations of a June interest rate cut. Despite fears of Japanese intervention, the dollar's gains remained steady against the yen, even as U.S. Treasury yields surged. The dollar index climbed to 105.1, marking its highest level since November 14, following unexpectedly positive U.S. manufacturing data. Investors are closely monitoring economic data releases for further insights into the USD's trajectory.
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