United Overseas Bank strategist says the USD index's upward momentum is weakening, with consolidation or a mild decline possible ahead; investment strategist says the breakout in US Treasury yields 5%is not historically abnormal.
Rising oil prices and escalating Middle East tensions drove safe-haven inflows,USD The index once rose 0.5%,EUR performed the worst among G10 currencies.
USD Index has strengthened recently, but historical data shows it explains only about 17% of Bitcoin’s daily-return volatility, with weak long-term correlation. If the USD Index breaks through 101.80, it may further limit Bitcoin’s upside.