US Dollar Gains Moderate Amid Softer Yields and Improved Risk Appetite

US Dollar gains are moderating as United States yields retreat and risk appetite improves after a tech-led selloff, according to Scotiabank strategists Shaun Osborne and Eric Theoret.

High-beta currencies are outperforming the USD while the Euro and British Pound edge higher but fail to fully exploit positive data. Geopolitical tensions around Iran and upcoming Federal Open Market Committee risks keep the Dollar and US yields relatively supported into next week.

TMGM Analysis notes that 'yesterday's broad dollar gains are moderating into the end of the week as crude oil prices ease and US yields edge back from yesterday's peaks.'