Dollar buying rekindled, with President Bullard’s remarks

Fed President Bullard St. Louis said the FED should prepare for policy adjustments if necessary, with the first rate hike in late 2022. Yields on 10-year US Treasury bonds rose from around 1.48% to around 1.52% in response to references to early rate hikes. The dollar buying movement is spreading again.

The USDCHF was cut at the quoted price, but the dollar buying pressure is still there.

Currently, the power balance at 15 minutes is

JPY> USD> CAD> EUR> GBP> CHF> AUD> NZD

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