Trade Of The Week: Big Week For King Dollar

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If last Friday’s dismal US jobs report failed to derail dollar bulls…then what could?

King dollar kicked off the new week on a firm note, appreciating against most G10 currencies as investors remained hopeful over the Federal Reserve tapering in November.

Rising Treasury yields lifted the greenback across the board with the Dollar Index (DXY) eyeing multiyear highs and the dollar rising to its highest level in nearly three years against the yen.

The 10-year benchmark Treasury yield jumped to its highest level since June amid bets that rising inflation will force the Federal… Read More:

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