Danske Bank strategists said the U.S. dollar is still holding firm against major currencies, with elevated Treasury yields and expectations for a hawkish Federal Reserve continuing to support the greenback. The bank said U.S. 10-year and 30-year Treasury yields could rise to 6%, pointing to sustained pressure from the rates backdrop. It also cited a relative strength index reading of 73.6, indicating that the U.S. Dollar Index has posted a strong advance. Even so, the strategists said the room for further gains may be limited. The remarks reflect a macro view centered on yield strength, Fed expectations, and momentum signals in the dollar rather than any single market catalyst.
According to ChainCatcher, strategists at Danske Bank said the U.S. dollar remains strong against major currencies, supported by elevated Treasury yields and expectations that the Federal Reserve will keep a hawkish policy stance.
The bank said U.S. 10-year and 30-year Treasury yields could rise to 6%. It also noted that the relative strength index stood at 73.6, showing strong momentum in the U.S. Dollar Index, though the upside may be limited.
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