Powell's Speech and Job Data in Focus as Dollar Climbs on Yield Surge U.S. Treasury yields are bolstering the dollar, putting pressure on low-yielding currencies like the Japanese yen and Chinese yuan. This trend is driven by expectations of a Trump presidency leading to higher tariffs and government borrowing. Investors are closely watching Federal Reserve Chair Jerome Powell’s upcoming speech and U.S. job openings data for further market direction. The dollar index has risen, while the euro has retreated slightly following the French election results. Analysts suggest that Powell’s potentially optimistic stance on disinflation could pose downside risks for the dollar. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Rising Tide of Global Debt Set to Elevate Yields, Predicts Goldman Sachs READ MORE Fed's Bostic Warns: No Quick Path to Interest Rate Cuts READ MORE Tether Introduces Gold-Backed Stablecoin Alloy READ MORE Mike Maloney’s Greatest Hits – Best Videos of 2023 READ MORE Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment