Dollar Climbs as US Economy Bounces Off Runway
US yields are back to their highest levels since early August after Friday’s blockbuster non-farm payrolls report bolstered the likelihood of a “no landing” scenario in the economy. With investors growing more confident in an outlook in which job creation continues, growth remains robust, and inflation moderates more slowly, the Federal Reserve is now seen easing policy at a more gradual pace than expected only a week ago. Two- and ten-year interest rates holding near the 4-percent threshold, North American equity markets are setting up for a negative open, and the dollar is heading toward posting a sixth daily gain,...