US Dollar: Stronger on hot inflation and yields – MUFG
MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI) surprised to the upside and US yields climbed.
The US Dollar is likely to strengthen further as higher inflation leads to increased expectations for interest rate hikes. This could result in upward pressure on USD-denominated assets.
MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI) surprised to the upside and US yields climbed.
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