US Dollar Index adds to the uptrend around 98.60 By pabspiovano DollarIndex Currencies Majors
Investors’ attention shifts to the inversion of the 10y yield curve., adds to the recent gains and retests the 98.65/70 band at the beginning of the week.The index advances for the third session in a row on Monday and puts further distance from last week’s lows in the 97.70 region.
In the US cash markets, the yield curve inverted on Friday and sparked once again some concerns regarding the likeliness that the US economy could enter a recession in the medium term in response to the most likely faster pace of tightening by the Federal Reserve. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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