The start of the week was exemplified by a recovery in the dollar but there were questions about any major push higher in the currency as markets seem to lack a certain poise, after the US retail sales and FOMC meeting minutes.
But dollar bulls are not wanting to wait around ahead of the weekend as we see the greenback surge higher in US trading yesterday and that momentum is carrying over to today as well. This comes despite equities seen holding up while the bond market continues to toy around, though 10-year yields are starting to come up today to above 2.91% currently (up over 3 bps on the day).