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US Dollar Comes Alive as Yields Fly, Setups on EUR/USD, GBP/USD and USD/JPY

January 2, 2024

Via: DailyFX
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The US dollar, as measured by the DXY index, started the new year on the front foot, rising for the third consecutive session, supported by a rebound in U.S. Treasury yields, with the 10-year note up 7 bp to 3.93%. In this context, the DXY index climbed 0.7% to 102.10 in early afternoon trading in New York, posting its biggest daily advance since October, ahead of high-impact events later in the week.

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