US dollar extended recent rally as rate hike expectations were reinforced by Fed Chair Yellen’s comments. US Treasury yields were also higher with 2-year yield and 10-year yield adding +1 bps and +5 bps to 1.03% and 2.28% respectively. Wall Street strengthened on better-than-expected macroeconomic data. DJIA and S&P 500 indices adding +0.19% and +0.47% respectively. In the commodity sector, crude oil had a volatile day with the benchmark contracts initially rising to 2-week highs before erasing gains.
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