US Dollar Index (DXY) remains depressed around 103.30 as it renews the intraday low while keeping the week-start pessimism during the early hours of Tuesday’s Asian session. In doing so, the Greenback’s gauge versus the six major currencies ignores the strong US Treasury bond yields amid the market’s mixed sentiment ahead of this week’s top-tier data/events. That said, the US 10-year Treasury bond yields rose to the highest level since 2007, to around 4.354% before ending Monday’s trading day near 4.34%. Apart from the pre-Jackson Hole consolidation, the DXY traders also justify China’s efforts to defend the ... (full story)