US dollar climbs as manufacturing surveys highlight rush to buy supplies ...Middle East

The US Dollar Index has extended today's gain to 0.8% on broad strength. It's particularly strong against the euro, which is struggling as France's left and right wing opposition appear to be united in efforts to oust Barnier after he invoked constitutional rules to push through a budget.EUR/USD is down 105 pips to 1.0470, which erases all of last week's decline.It's not just the euro though as the US dollar is up nearly 1% against the Australian dollar and 0.8% against the pound. It's an unwind of some dollar weakness late last week, likely on month-end flows. Treasury yields are also ticking higher today, up 3-5 bps across the curve.On the fundamental side, surveys from the ISM and S&P Glo

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US dollar climbs as manufacturing surveys highlight rush to buy supplies ...Middle East

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