January 9, 2025 – Written by Frank Davies
STORY LINK US Dollar Exchange Rates Gain as US Bond Market Dominates
The dollar has dominated over the past 24 hours with a particular focus on US bond yields.
Strong data helped put upward pressure on yields which also boosted the dollar while major uncertainties surrounding US trade policies continued and unsettled risk conditions.
The Pound to Dollar (GBP/USD) exchange rate failed to hold the 1.2500 level and dipped to just below 1.2450 on Wednesday.
ING commented; “For now,…
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