US Dollar Index: Strongest G10 currency performance – Deutsche Bank
Deutsche Bank’s Jim Reid and team note that the US Dollar was the strongest-performing G10 currency last week as Treasury yields surged and markets repriced a more hawkish Federal Reserve. The Dollar Index gained, while Gold prices fell as higher real and nominal yields pressured non-interest-bearing assets. The report also highlights broader credit spread widening alongside resilient equities.
Dollar gains as yields surge
"When it came to other assets, the surge in Treasury yields and the hawkish Fed repricing meant the US Dollar was the strongest-performing G10 currency."
"Indeed, the Dollar Index was up +0.81% last week (-0.25% Friday)."
"Meanwhile, Gold prices fell -2.14% (+0.23% Friday), as higher real and nominal yields put downward pressure on precious metals as a non-interest-bearing asset."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
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