📝 Weakness In Both Equities And Bonds To Support U.S. Dollar: RBC

See the USD holding a strong support. U.S. equities ended the month at an 11-month low and bond yields close to a three-year high and this combination of weakness in both asset classes is a major support for the dollar. The prospect of a 50 basis-point interest-rate rise by the U.S. Federal Reserve on Wednesday is another positive, although this is widely expected and fully discounted. - RBC Analysts