Something is stirring in the currency jungle, and those who know its terrain best wonder whether it is the mighty beast — the dollar.
After weeks of lying low after a sustained period of weakness, rumblings of its familiar growl are starting to be heard, distant though the sound may be. The index that measures the dollar against a basket of its major peers picked up last week, while 10-year Treasury yields are also rising.
“There is a case to be made that the dollar has hit a bottom, at least against the euro and the yen,” says Steven Englander, FX strategist at Citigroup.
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