Benchmark 10-year Treasury yields continued to rise, reaching their highest level since October 2007, helping maintain the greenback's advance.
Positive economic data from the US has helped ease investors' fears about an economic recession, and the US Federal Reserve (Fed) last week emphasized that it could raise interest rates again and potentially maintain higher interest rates longer.
“The US has the ability to respond very well to major challenges such as higher interest rates and higher energy prices,” said Marc Chandler, Chief Market Strategist at Bannockburn Global Forex in New York (USA).
“The market has recognized that long-term yields will continue to rise in the US, which has been a key driver of the greenback,” said Dane Cekov, Senior FX Strategist at Nordea.
Minneapolis Fed President Neel Kashkari said on September 27 that it is still unclear whether the US central bank has completed raising interest rates or not, in the context of many positive data that helps strengthen confidence in the bank's strength. US central bank. US economy.
Positive economic data from the US has helped ease investors' fears about an economic recession, and the US Federal Reserve (Fed) last week emphasized that it could raise interest rates again and potentially maintain higher interest rates longer.
“The US has the ability to respond very well to major challenges such as higher interest rates and higher energy prices,” said Marc Chandler, Chief Market Strategist at Bannockburn Global Forex in New York (USA).
“The market has recognized that long-term yields will continue to rise in the US, which has been a key driver of the greenback,” said Dane Cekov, Senior FX Strategist at Nordea.
Minneapolis Fed President Neel Kashkari said on September 27 that it is still unclear whether the US central bank has completed raising interest rates or not, in the context of many positive data that helps strengthen confidence in the bank's strength. US central bank. US economy.
