Dollar dominates as hedge funds cut shorts on Treasury yield rise

The US dollar held near a four-month high on Monday as rising US Treasury yields fuelled demand for the greenback and prompted hedge funds to cut bearish positions. Turkey’s shock weekend decision to replace its hawkish central bank governor also supported the dollar’s safe-haven appeal. Markets have been slow to catch on to the rising […]

from Daily Times https://ift.tt/3tG6eqU