The Dollar edged higher, holding near a two-month peak as volatile oil prices and a sharp rise in US Treasury yields lent support. Traders are now looking to PCE inflation and nonfarm payrolls data for clues on the Fed's next move.
The Indian Rupee fell to its weakest level in more than a week, ending at 95.9825 per Dollar as Brent crude jumped nearly 4% to $108.20. Dollar sales by state-owned banks, likely for the RBI, helped limit the slide.
deVere CEO Nigel Green warns that one careless line from Andy Burnham could push UK gilt yields, already near 5.29%, even higher. With the Budget weeks away, he says credibility and fiscal headroom are what the bond market wants to see.
