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Rising Rates Restore U.S. Dollar Supply

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Rising Rates Restore U.S. Dollar Supply

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It’s been a tough week for the US dollar, but it is making up for lost ground today,

EUR / USD is at daily low as the pair sags and begins to munch on Wednesday’s breakout.

US yields climbed today with 10s at 1.75%. One of the catalysts was JPM CEO Jamie Dimon, who referred to as many as seven rate hikes this year.

There could also be an element of flux at work with the collapse of the Euro and British Pound ahead of today’s London patch. Meanwhile, commodity currencies and USD / JPY have been more subdued over the past hour.

Rising Rates Restore U.S. Dollar Supply

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