10-year US Treasury yields reached 1.15%, which is the highest level since March. Higher yields should increase the demand for the USD.
December 15: Forex majors at highs
There are reasons for traders to be optimistic and sell the USD versus the riskier currencies. However, the advance of EUR/USD, GBP/USD, and AUD/USD became extensive and a correction may happen.
The Brexit deal may be reached soon and the GBP is surging amid pre-Christmas atmosphere
Investors continue to assess the vaccine rollout versus fears over a new virus variant. US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law.
Check the performance of the market for Friday
Donald Trump was impeached by the US House because of his role in a riot by his supporters that left five dead. The trial that should follow after Trump stops being President should draw much attention.
WTI oil price doesn't seem to care much about what's happening in the US Capitol. Why should it, right? Anyway, the USD is trembling - see the market update.