FX Daily: Bond sell-off helps USD consolidate gains
AI Summary
The US dollar is consolidating gains following a global bond sell-off that has affected foreign exchange markets. Oil prices remain firm in the wake of the UN summit, influencing market dynamics.
USD: Keeping an eye on the back-end The global bond sell-off continues to leave its mark on FX. The dollar is benefiting from the knock-on effect on global risk sentiment, allowing a consolidation of recent gains even as they start to look stretched relative to short-term fundamentals. Oil prices remain bid after the UN summit ...