The ongoing sell-off of Treasury bonds is keeping the dollar strong, despite a slight dip in 10-year yields in the US. This is impacting the broader markets, with equities experiencing further losses and the dollar remaining poised. As a result, the EUR/USD pair has reached its lowest levels since March and is slowly approaching the February and March lows. The charts also indicate that being bearish on the dollar is challenging, suggesting that there are several factors favoring the greenback. Although USD/JPY may be in intervention territory, traders still view the dollar positively. Given the potential break in the technicals and a slump in equities, there may be more trouble for risk plays and further advancement for the dollar. The next significant data for the US will be the jobs report on October 6, with smaller employment details expected in the days leading up to it. For now, month-end flows are the only obstacle in the dollar’s path as it continues to control the market.
Current Market Sees Dollar Maintaining Strong Position as Dominant Force
![Current Market Sees Dollar Maintaining Strong Position as Dominant Force Current Market Sees Dollar Maintaining Strong Position as Dominant Force](https://images.forexlive.com/images/EURUSD%20D1%2027-09_id_25e1a88d-13de-4a17-90f5-186d4ff0be78_size975.jpg)
Latest articles
Business
Intel’s stock drops 20% due to announcement of 15,000 job cuts.
Intel's shares took a hit, dropping by 20% after the company announced plans to...
Finance News
EUR/USD faces resistance at 1.0850 according to UOB Group – FXStreet
The EUR/USD pair is facing resistance at the 1.0850 level, according to analysts at...
Latest News
Biden believes killing Hamas leader Haniyeh hinders ceasefire discussions – Reuters.
President Biden has stated that the killing of Hamas leader Ismail Haniyeh is not...
Technology
Pokemon Mystery Dungeon comes to Game Boy Advance – Nintendo Switch Online.
Nintendo Switch Online is expanding its Game Boy Advance library with the addition of...
More like this
Business
Intel’s stock drops 20% due to announcement of 15,000 job cuts.
Intel's shares took a hit, dropping by 20% after the company announced plans to...
Finance News
EUR/USD faces resistance at 1.0850 according to UOB Group – FXStreet
The EUR/USD pair is facing resistance at the 1.0850 level, according to analysts at...
Latest News
Biden believes killing Hamas leader Haniyeh hinders ceasefire discussions – Reuters.
President Biden has stated that the killing of Hamas leader Ismail Haniyeh is not...