The US dollar surged to its highest levels for this week and has nearly reached its highest trading range since 2002 as seen in the DXY index. Meanwhile, the EUR received the brunt of losses against the USD as compared to other currencies after losing about 0.6% of its previous trading value. Dollar gains were somewhat paired after the 10-year Treasury yields dropped to new session lows of 2.52% following a high auction demand for 5-year notes worth $34.0 billion.
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