The relentless climb of Treasury yields is boosting the dollar, directly eroding the value of other currencies as the dollar strengthens. Will be interesting to see how much foreign capital will continue to flow into US risk assets. https://x.com/kurtsaltrichter/status/1782144795802009880 ...all currencies have fallen against the US dollar cementing King Dollar for now. ...YET Gold has beaten USD by 14.5% YTD.
