Buy AUDCAD....FROM NEWS SOURCE- NEW YORK (Reuters) - The dollar index hit a 10-month high on Tuesday while the Japanese yen came closer to the key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency.
Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month as economic data remains robust despite higher interest rates.
The Federal Reserve last Wednesday said that it may hike rates further and was likely to keep them elevated for a longer time as it battles to bring inflation closer to its 2% annual target.
“The story of September has been the jump in Treasury yields and the spillovers into the currency market,” said Adam Button, chief currency analyst at ForexLive in Toronto. "The market has expected the economic data to deteriorate and it hasn’t.”
Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month as economic data remains robust despite higher interest rates.
The Federal Reserve last Wednesday said that it may hike rates further and was likely to keep them elevated for a longer time as it battles to bring inflation closer to its 2% annual target.
“The story of September has been the jump in Treasury yields and the spillovers into the currency market,” said Adam Button, chief currency analyst at ForexLive in Toronto. "The market has expected the economic data to deteriorate and it hasn’t.”