Forex Today: Rising US yields support USD as risk rally loses momentum

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Forex Today: Rising US yields support USD as risk rally loses momentum
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Here is what you need to know on Friday, February 23: After dropping to its weakest level in three weeks, the US Dollar (USD) Index staged a rebound amid rising Treasury bond yields and closed flat on Thursday before stabilizing near 104.00 early Friday.

Here is what you need to know on Friday, February 23: After dropping to its weakest level in three weeks, the US Dollar Index staged a rebound amid rising Treasury bond yields and closed flat on Thursday before stabilizing near 104.00 early Friday. IFO business sentiment survey for Germany will be featured in the European economic docket. Investors will also pay close attention to comments from central bankers.

99% 0.62% 0.60% 1.01% 0.52% 1.35% 1.00% CHF -0.01% -0.38% -0.40% 0.01% -0.48% 0.35% -1.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY .

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