DXYPOTENTIAL LONG FOR THE US DOLLOW
XY) gained on Tuesday on soaring U.S. Treasury yields, with the 2-year note coming within striking distance from overtaking the psychological 5.00% level. Fed Chairman Powell reinforced the current market dynamics by admitting at a forum in Washington that progress on disinflation has slowed and that firmer price pressures have introduced new uncertainty about the timing of rate cuts.