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 Dollar Rallies After Volatile Week; Yen Hovers Near Historic Lows READ MORE Junk Bonds Surge Amid Broad Market Rally and Investor Optimism READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE BANK OF AMERICA: Gold Still Has Upside, Despite New Record High READ MORE Gold Market Shines During Spring Festival, Yet Slower Growth Expected Ahead READ MORE Add a Comment Cancel replyYour email address will not be published.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