Currency Buzz: Dollar Index Holds Above 105 Mark

7 Dec 2022 , 10:02 AM

The dollar index is seen tracking US benchmark treasury yields higher on Wednesday on expectations of further rate hikes. Investors await next weeks U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. US 10-year benchmark treasury yields are up nearly 1% at around 3.5% while dollar index that measures the greenback against a basket of currencies has recovered back 105 mark. The upbeat ISM Services data and the solid November jobs report released last week pointed to still a resilient economy and bolstered the case for further monetary tightening.Powered by Commodity Insights