US dollar to continue its recent strength

[zzzzhu456]

It seems as if the market has finally woken up to the potential of the US dollar after the recent gains it racked up against most major currencies over the past week and we may see more gains as investors focus their attention on rates and higher returns.

The catalyst for the greenback’s strength has been the rise in treasury yields, which hit 3 percent for the first time in 4 years making the US dollar an attractive investment as a high yielding currency

 

[Notati]

Some of the moves of US administration (i.e. so called trade war with China) have brought some sort of insecurity on the market during past couple of weeks. Luckily everything calmed down and in addition there are positive developments on a yield side.