Posted 12/11/2023, 9:57:42 PM
Dollar Rises Ahead of Inflation Data and Fed Meeting, Yields Climb as Rate Hike Bets Firm
- US Dollar is rising, currently at 104.10, ahead of CPI data and Fed meeting this week
- Markets awaiting Tuesday's CPI figures and Fed rate decision on Wednesday
- Strong jobs data has cooled expectations for Fed pivoting to less hawkish stance
- US yields rising across 2-year, 5-year and 10-year bonds, signaling rate hike expectations
- Technical analysis shows bullish momentum for US Dollar, with index holding above 20 & 200-day moving averages