Tag: dollar rises
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Risk mood improves as US bond yields, US dollar take a breather…
Market Recap Wall Street gained for the second straight day (DJIA +0.62%; S&P 500 +0.63%; Nasdaq +0.84%), as US Treasury yields took a breather despite a hawkish takeaway from the Jackson Hole Symposium. Both the US 2-year and 10-year yields cooled by around 5 basis-point (bp) overnight after touching their recent highs. The VIX has…