- The US Dollar broke higher on Tuesday against most currencies in another rate differential push.
- Tuesday’s US economic docket will feature housing market data.
- The US Dollar Index makes a new 10-month high above 106.00.
The US Dollar (USD) pressured nearly every asset class against the floor in another demonstration of Greenback strength on Monday. With US bond yields rising again to new highs, the rate differential is clearly the main driver between the Dollar and other currencies. As stocks are starting to decline, bonds are being sold, questions arise if this is the start of a feared recession and hard landing for the US economy.
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