Greenback Surges Amid Rising Oil Prices and Yields

A new month has begun, but market dynamics remain unchanged.

The greenback is rising due to increasing oil prices and yields, leading to a broad strengthening of the dollar.

The euro and Canadian dollar have reached new lows for the year as a result.

In the eurozone, interest rate premiums over Germany are widening as investors focus on France and Italy's budgets.

The recent BOJ meeting saw the market downgrade Japan's chances of a hike this month, following an uninspiring Tankan Survey in Japan.