USD Rally Accelerates on Strong Economic Data and Rising Yields: A New Peak Near Multi-Month Highs
The USD continues its rally supported by strong U.S. economic data and rising Treasury yields. With solid services growth, robust labor market figures, and a “high-for-longer” Fed interest rate stance, the dollar gains against major currencies while euro, pound, yen, and aussie weaken amid divergent central bank outlooks and softer global growth signals. Detailed analysis by Mitrade News Team.