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Unlike Markets, Fed Isn't Too Worried About 5% Yields — Yet

Unlike Markets, Fed Isn't Too Worried About 5% Yields — Yet
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Dollar's Conundrum: Bullish Factors Met with Lackluster Gains

Despite a confluence of favorable conditions that are typically Dollar bullish a decidedly hawkish Federal Reserve, plummeting stocks, and soaring yields the greenback's response was unexpectedly tepid last week. While it managed to gain ground against European majors and Yen, it faltered when squared against the robust commodity currencies. Dollar Index, a measure of the currency against a basket of other major currencies, also recorded only a modest uptick. With the quarter's end on the horizon, it's plausible that a sense of caution may have restrained Dollar's potential surge. Alternatively, traders might possibly be awaiting further developments to validate a one-sided bullish shift. ....

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Economy Remains Resilient at Mid-Year | Center on Budget and Policy Priorities

Economy Remains Resilient at Mid-Year | Center on Budget and Policy Priorities
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USD/CHF looks vulnerable above 0.8920 ahead of Swiss Inflation and US PMI

The USD/CHF pair has fallen back after a short-lived recovery move to near 0.8957 in the Asian session. The Swiss Franc asset is expected to continue ....

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