PRESS ROOM
Treasury yields rise and dollar appreciates on Powells Jackson Hole comments
Friday 02nd September '22
Hawkish comments from the Federal Reserve Chair at Jackson Hole have put additional upward pressure on US Treasury yields and the dollar. The dollar is gaining grounds vs the euro on expectations of further policy divergence between the Federal Reserve (Fed) and the European Central Bank (ECB), i.e., more aggressive rate increases from the Fed. Having said that, the tone from the ECB is becoming progressively hawkish which could help partially alleviate euro’s relative weakness against the dollar in the coming weeks.