Daily digest market movers: DXY starts week with left foot, eyes on Fed’s decision
Fed is anticipated to adopt a hawkish approach, underscoring hefty growth, sustained inflation in US economy.
Unchanging interest rates together with robust US data may maintain upward trajectory of US Treasury bond yields.
Market expectations for subsequent Fed meetings are seen as a 10% likelihood of a rate cut in June, 35% in July, and less than 80% in September.
US Treasury bond yields are down, signifying a disfavorable environment for the US Dollar. Specifically, the 2-year yield stands at 4.97%, the 5-year yield at 4.65%, and the 10-year yield at 4.63%.
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