Exness strategist: Strong U.S. economic data could push dollar and Treasury yields higher
According to Jin10, Exness financial market strategist Wael Makarem said that if the U.S. first-quarter GDP data and March PCE inflation data are stronger than expected, it may push up the dollar and U.S. Treasury yields. The U.S. dollar came under some selling pressure today, dragged down by stronger European PMI data. However, Makarem said the dollar continued to hover near this year's highs as strong U.S. economic data and hawkish comments from Federal Reserve officials reinforced market expectations for a delay in interest rate cuts.
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