MARKET OVERVIEW - Following US Inflation Data, Dollar and Treasury Yields May Rise

Forex - Elias Haddad from Brown Brothers Harriman stated that if the inflation data released at 16:30 TRT comes in higher than expected, the U.S. dollar and Treasury yields could rise further. Haddad commented, "As a result, expectations for U.S. interest rate cuts may diminish further," adding, "We see room for adjustments in U.S. interest rate expectations in favor of the dollar and Treasury yields." According to a Wall Street Journal survey, the annual headline CPI is projected to rise to 2.7% in November, compared to 2.6% in October. The 2-year Treasury yield increased by 2 basis points to 4.168%, while the 10-year Treasury yield also rose by 2 basis points to 4.238%. The DXY dollar index climbed to 106.81, the highest level in two weeks.