The U.S. dollar strengthens as 10-year Treasury yields jump 10.1 basis points to 4.52%, pressuring major currency pairs.
The U.S. dollar extended gains as Treasury yields surged, with the 10-year yield rising 10.1 basis points to 4.52%, its highest level in years. The 2-year yield also climbed 8.1 basis points to 4.073%, reinforcing upward pressure on the USD.
EURUSD fell below the 50% retracement level of its March rally at 1.16287, trading near 1.1618. USDJPY held above 158.00, a key technical level, while GBPUSD dipped below its 61.8% retracement at 1.33496. NZDUSD and AUDUSD also weakened, with the latter breaching its 200-hour moving average.
The moves reflect broader market sentiment tied to shifting expectations for U.S. monetary policy and economic resilience. No immediate market reaction data was provided, but the yield-driven dollar strength remains a focal point for traders.