Monday 09, October 2017 by William Mullally

US dollar rises along with bond yields

Mihir Kapadia, CEO and Founder, Sun Global Investments

In the eleven months since Trump was elected, the US dollar has given up all the initial gains and declined much further in 2017 as the political progress of the new administration ground to a halt. 

However, the long 2017 decline in the US dollar seems to have reversed in the last month and the US dollar has risen in line with the rise in US bond yields. This move reflects three things: better economic numbers showing evidence of stronger economic growth, greater expectations of higher interest rates and renewed expectations of a strong tax package being passed by the administration. 

 

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