The US Dollar Index extended its late-session adjustment momentum on Monday (September 15), with current quotes hovering around 97.36, marking a modest intraday decline of 0.24%. This movement is not isolated but closely intertwined with the tightening liquidity conditions in the US Treasury market. The short end of the US Treasury yield curve steepened notably, as the overnight secured financing rate (GC) briefly surged to a bid price of 4.60%, up 12 basis points from last Friday. This liquidity drain effect directly amplified the safe-haven properties of the dollar, though upward momentum was constrained by market pricing of a potential Federal Reserve policy pivot. Overall, disruptions in US Treasury liquidity are becoming an immediate anchor for the dollar’s movements, with bulls and bears locked in a tug-of-war within key technical ranges, warranting heightened vigilance from traders.
A sudden liquidity vacuum has emerged in U.S. Treasuries, with the dollar approaching the critical threshold of 97.24, potentially leading to a sharp reversal!
Date:
More like thisRelated
Tampa RV giant Lazydays to delist from Nasdaq
Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...
Granite Geek: New Hampshire might get access to ‘balcony solar’
I had solar panels put on my roof six...
TSX Today: What to Watch for in Stocks on Monday, November 10
Despite firm gold and silver prices, Canadian stocks...
While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!
As market-wide fear grips the sector, the Binance Coin...