US dollar is advancing fast against its major trading counterparts. However underlying theme for Dollar's rise is speculation over US interest rate hike. So naturally at some point dollar would require support from yields, which need to rise to provide support.
- Today US will auction 2 year note at 17:00 GMT. Investors in prior auction has demanded average yield of 0.54%, about 16 basis points down from what investors asked in December. Two other auctions are scheduled for 3 months and 6 moths 15:30 GMT.
- US 2 year yield is trading at 0.64%, whereas 5 year is trading at 1.57%, 10 year at 2.19% and 30 year at 2.95%.
Expect dollar to remain well bid at corrections as US 2 year looks to be moving up once more.
Dollar index is currently trading at 97.1, up 0.75% for the day so far.


China’s robots can run faster than Usain Bolt – now they are being prepared for war
Who should own the knowledge that underpins AI technology?
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it?
AI is supercharging money scams – here’s what you can do to protect yourself
1 in 3 uni students experience serious financial hardship. Could concession cards for all help?
Europe can’t achieve space sovereignty alone. Here’s why
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 



