💨 Abstract

The dollar is expected to extend its longest weekly winning streak in over a year due to rising bond yields and strong U.S. jobs forecasts. The dollar gained on the yen, British pound, and euro, with the pound reaching a 14-month low due to a selloff in gilts and concerns about British finances. The dollar index is set for a sixth consecutive weekly gain, with the U.S. economy appearing stronger compared to weaknesses elsewhere.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖