The dollar has received a boost after a series of positive data. GDP grew by 6.4% in the first quarter of 2021 and initial jobless claims last week were the lowest since the start of the pandemic.
The Commerce Department, who released this data, said, “The increase in first-quarter GDP reflected the continued economic recovery, reopening of establishments, and continued government response related to the Covid-19 pandemic.”
As a result of this optimistic economic outlook, Treasury yields have edged higher.
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