The Greenback Is Poised To Snap Losing Streak

Marc Chandler17.14K FollowersFollow5ShareSavePlay(11min)CommentsSummaryThe US dollar is enjoying a firmer bias today.Yesterday, the same day that the Senate Banking Committee indicated a confirmation hearing for Fed chair nominee Kevin Warsh for April 21, leaving 25 days before Powell’s term expires, US prosecutors made an unannounced visit to the Federal Reserve’s offices in Washington.The 10-year Treasury yield is up a basis point to nearly 4.26%.The yellow metal initially extended its gains slightly through $4870 to reach its best level since March 19 but was greeted by sellers that drove it back below $4790. CraigRJD/iStock via Getty Images The US dollar (DXY) is enjoying a firmer bias today.

The Dollar Index is threatening to snap a seven-day decline. President Trump has held out the possibility that the “war is close to over.” Yet, the improved risk appetitesThis article was written byMarc Chandler17.14K FollowersFollowMarc Chandler has been covering the global capital markets in one fashion or another for 40 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense