Hawkish Fed policy, dollar hits new highs in 2023
With the Fed's hawkish policy of keeping interest rates high. As a result, U.S. dollar yields continue to rise, attracting a large amount of capital inflows into the United States, and the U.S. dollar hits a new high in 2023.
The U.S. dollar has been climbing since July this year, reaching its strongest level against major currencies.
The rise in the dollar was due to signs from the Federal Reserve last week that it plans to keep interest rates high, coupled with a rise in U.S. Treasury yields since the September 20 Fed meeting that has supported the dollar, encouraging investors to move funds to the United States. On Monday, 10-year and 30-year Treasury yields rose to multi-year highs.
US10Y
US30Y
The U.S. dollar has been climbing since July this year, reaching its strongest level against major currencies.
The rise in the dollar was due to signs from the Federal Reserve last week that it plans to keep interest rates high, coupled with a rise in U.S. Treasury yields since the September 20 Fed meeting that has supported the dollar, encouraging investors to move funds to the United States. On Monday, 10-year and 30-year Treasury yields rose to multi-year highs.
US10Y
US30Y