Dollar climbs as yield curve flattens on Fed rate-hike cues
The U. S. dollar rose on 11 November as Fed officials' comments and strong CPI data lifted short-term Treasury yields, flattening the 2-10-year curve and supporting the greenback against most active currencies, according to ing think. Earlier on 6 November, the euro slipped modestly as oil prices rose amid Iran conflict risks and the prospect of a Democratic-controlled Congress, The Business Times reported. BigGo Finance said the euro fell to its lowest since late October after October U. S. employment figures exceeded expectations. According to ing think, the dollar gained on a tech-driven equity decline while markets watched October CPI and AI-related policy risks. Action Forex noted that a robust jobs report and falling unemployment boosted the dollar, pushing the EUR/USD pair lower.
BigGo Finance observed the euro holding near 1. 12 dollars in New York as reports of Iranian concessions and shifting U. S. long-term yields influenced sentiment. Reuters reported the dollar held steady as traders awaited U. S. inflation data. FXStreet indicated that analysts priced an about 80% chance of a 25-basis-point Fed rate hike in December ahead of the October CPI release.
