US dollar hits three-month high as Treasury yields surge, EUR/USD cracks key support
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bullish | 1.1600 |
Scotiabank | Bearish | 1.0900 |
MUFG | Neutral | 1.1200 |
All 32 desk targets for EUR/USD
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It looks like the dollar is finding another gear today, and once again it is the bond market that is doing much of the heavy lifting. After a strong showing in September, the dollar is now pushing to its highest level in more than three months. The dollar index itself is extendin
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4 itemsEUR/USD extends gains to fresh three-month highs after yesterday's break
FX Daily: More bond fuel for the dollar rally
The desk hinges its outlook on the burgeoning momentum for the dollar, propelled by fresh signs of bond market strength. Per the full note from ING Economics, the recent uptick in U.S. Treasury yields acts as an undercurrent driving investors towards the dollar. This sentiment correlates with broader market trends indicating that higher yields typically support dollar demand. As we venture forward, the lack of high-impact events on the calendar signifies that any movement in the dollar will likely stem from ongoing bond market trends and not immediate data catalysts.