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Economy — Currency — Monetary Policy — Interest Rates — Inflation — World

US Dollar Rebound Looks Like a Pale Shadow of Its 2022 Surge

The dollar’s recovery from a 10-month low has run into a speed bump, with the rally in the currency trailing behind the sizzling surge in Treasury yields. Outflows from biggest long dollar ETF may signal peak is in.

1 min read
  • The dollar’s recovery from a 10-month low has run into a speed bump, trailing behind the surging Treasury yields.
  • 2-year US yield hit its highest in 15 years as labor costs and inflation fuel expectations of Fed hikes.
  • Eurozone’s scarier inflation outlook has rates traders expecting ECB to hike by half a point this month.
  • Investors have pulled more than $840 million over the last four months from the world’s largest long dollar ETF.
US Dollar Rebound Looks Like a Pale Shadow of Its 2022 Surge
The dollar’s recovery from a 10-month low has run into a speed bump, with the rally in the currency trailing behind the sizzling surge in Treasury yields.
BloombergAkshay Chinchalkar

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