XE Market Analysis: US Dollar Gains as Emerging Market Currencies Suffer from Rising Yields

OVERVIEW US 10-year Treasury above 3% for first time since 2014. USD gaining on a key break higher for US government bond yields. EUR remains soft as focus turns to relative interest rate differential. Turkish central bank raises rates, supports the Lira for now. Emerging market currencies weaken on fears of impact from higher debt costs. HIGHLIGHT

Source: XE news feed
XE Market Analysis: US Dollar Gains as Emerging Market Currencies Suffer from Rising Yields