US Dollar: Rising yields support risk-off tone – MUFG

MUFG’s Lee Hardman notes the US Dollar (USD) has strengthened ahead of the FOMC meeting as Fed tightening expectations are repriced higher. The US Dollar Index (DXY) has recovered to levels seen before the August Treasury buyback announcement, with US yields rising sharply.

Gold impact rationale

Stronger safe-haven demand makes capital more likely to flow into gold.

• Source: FXStreet news
• 2026-09-15
• risk

Topics: gold news, gold price impact, risk