The USD holds firm driven by rising UST......>

DOLLAR: The USD holds firm driven by rising UST yields which has seen the 10y

trade at multi-year highs of 3.2230%. Hawkish rhetoric from Fed Chair Powell

also supported the move. He noted that "very accommodative policy is no longer

appropriate in the current environment, which calls for interest rates to very

gradually move toward neutral. We may go past neutral, but we're a long way from

neutral at this point." The DXY squeezed back above 96 to print 6-week highs of

96.12. Next resistance is seen at 96.37 from the Aug 20 high, a break here opens

the ytd high at 96.98. EURUSD comfortably holds under $1.1500, touching lows of

$1.1464. AUD & NZD extended their recent downtrend to register multi-year lows

of $0.7079 & 0.6488 respectively. While gold's rally has been reversed with the

yellow metal back under $1200. Light calendar today with headlines expected to

drive.