The US dollar remains practically stable in the currency market at the beginning of the week. The economists of MUFG Bank They analyze the prospects of the Dollar.
US yields remain elevated, providing support for USD
The 10-year yield remains close to the 5.00% level and therefore risk appetite will likely remain fragile, given the challenge that a further move higher in US yields would pose to risk assets.
US third quarter GDP will be released this week and the growth rate is expected to accelerate from 2.1% quarter-on-quarter in the second quarter to 4.1% in the third quarter. Given that a notable slowdown in GDP growth is expected in the fourth quarter, it is likely A figure closer to 5.0% would be needed to cause a notable rise in yields and the Dollar.
Source: Fx Street
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