Rise in US yields to lend further support to the dollar – BBH

The dollar continues to rise. Climbing US yields are set to continue boosting the greenback, economists at BBH report.

Dollar remains firm as US yields rise

“The US Dollar Index (DXY) is on track to test the September 28 high near 114.778.”

“The combination of ongoing risk off impulses and eventual repricing of Fed tightening risks is likely to see the dollar continue to recover after this recent correction.”

“We believe this generalized rise in US yields will continue and lend further support to the dollar.”