Dollar Strengthens as T-Note Yields Soar

The dollar index (DXY00 ) rallied to a 1.75-month high on Wednesday and finished up by +0.53%. The dollar moved higher on Wednesday after the 10-year T-note yield soared to a 19-year high of 5.13%, which strengthened the dollar’s interest rate differentials. The dollar also found support after OECD raised...