US Dollar: Strong data supports Dollar gains – Rabobank
The post US Dollar: Strong data supports Dollar gains – Rabobank appeared on BitcoinEthereumNews.com. Rabobank strategist Molly Schwartz notes that hotter US trade price data for April pushed United States (US) Treasury yields higher, with import and export prices rising at their fastest monthly pace since early 2022. The report highlights that the US Dollar (USD) was the best performing G10 currency on a one-day view as two-year yields moved back above 4.00%. Hotter prices lift yields and USD “US Treasury yields closed higher after hotter-than-expected trade price data for April printed, with import prices up 1.9% m/m and export prices up 3.3% m/m.” “These were the fastest monthly price index increases since early 2022 for both.” “However, the import price index, excluding petroleum, registered more modest gains of only 0.7% which, while hotter than the expected print of 0.5%, is cooler than levels seen as recently as January and February of this year.” “Yesterday afternoon saw a surg