US Dollar Index: Strongest G10 currency performance – Deutsche Bank
Deutsche Bank’s Jim Reid and team note that the US Dollar was the strongest-performing G10 currency last week as Treasury yields surged and markets repriced a more hawkish Federal Reserve.
Deutsche Bank analysts Jim Reid and co noted that the US Dollar was the top-performing G10 currency over the past week. Treasury yields climbed and the market adjusted to a more aggressive Federal Reserve stance, fueling the Dollar's gains. The Dollar Index rose, while precious metals like gold declined as higher real and nominal yields weighed on non-interest-bearing assets. The report also pointed to a widening credit spread and strong equity markets.
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