Dxy index
Dxy index. Therefore, the US dollar tends to do well in a period of escalating risks globally. For now, it is unclear whether Russia will retaliate by ending exports of natural gas to Europe. The dollar index is also holding steady as investors reflect on the ongoing inversion of the yield curve.
As shown below, the yield curve has inverted for the first time since 2019. The spread between the 10-year and 2-year bond yields has dropped to the lowest level since 2007. This performance of the yield curve simply means that investors are asking for better returns for short-term government bonds than longer ones.
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Gallery of Dxy index
