Dollar Soars as Market Eyes High Interest Rates

High interest rates dominate global talks, thanks to signs from the U.S. Federal Reserve. These hints push up yields on long-term U.S. Treasury bonds. Precisely, 10-year bonds hit a 16-year high at 4.566%. As yields rise, the dollar becomes attractive. More people want the dollar, lifting its value globally. This morning, the DXY index, a […]

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