"Dollar Soars on Strong U.S. Data and Fed Speculation, Hits Two-Week High"
TL;DR
The U.S. dollar reached a two-week high, tracking a rise in U.S. Treasury yields, as investors reassessed expectations for interest rate cuts in 2024. The dollar's strength came despite a contraction in the U.S. manufacturing sector and a decrease in job openings in November. Investors are awaiting the Federal Reserve's December meeting minutes for further direction. Meanwhile, the euro fell against the dollar, and Bitcoin's value dropped after a recent surge. Market sentiment was also affected by geopolitical tensions following the killing of a Hamas deputy leader in Beirut.
Topics:businessfinance-and-economy##currencymarkets#federalreserve#finance-and-economy#interestrates#treasuryyields#usdollar
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- US Dollar rises as dovish bets ease after US economic data FXStreet
- Dollar rises to two-week peak as 10-year Treasury yield tops 4% CNBC
- Dollar Extends New-Year Rally as Traders Hope for Clues on Fed Bloomberg
- Dollar kicks off 2024 with best day since March on Fed doubt The Seattle Times
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