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24 Sept 2026 · 12:28 GMT+3

US Dollar: Higher yields support currency – MUFG

MUFG’s Derek Halpenny notes the US Dollar (USD) is strengthening as US fixed income sells off, driving global bond weakness and higher yields across the curve. A poor 5-year UST auction and strong US and global PMIs are reinforcing hawkish Federal Reserve (Fed) rhetoric.

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