Home Finance News Current Market Sees Dollar Maintaining Strong Position as Dominant Force

Current Market Sees Dollar Maintaining Strong Position as Dominant Force

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Current Market Sees Dollar Maintaining Strong Position as Dominant Force

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.

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