The US dollar rose as debt fears were calmed by falling yields

The reasons for the rise of the US dollar

The US dollar rose close to 100 levels especially after the decline in long-term US Treasury bond yields, which eased concerns about the trajectory of US debt.

A sharp decline in Japanese long-term bond yields on Tuesday, fueled by speculation that Japan is considering revising bond issuance plans, also had a negative impact on Treasuries.

The US Consumer Confidence Survey data released on Tuesday also strengthened the US dollar, as these data indicate that a sharp economic slowdown is likely to be avoided.

At the same time, there is growing optimism that more trade deals are in the pipeline, especially after President Trump agreed to postpone the tariffs threatened by the European Union.

On the monetary policy front, Neel Kashkari, a member of the Federal Reserve, said on Tuesday that interest rates should be kept unchanged until the inflationary impact of higher tariffs becomes clear.

On the technical side, forecasts indicate the possibility of continuing the dollar's rise down to the levels of the daily downtrend near the levels of 100.30/50, from which it is possible to return to retracements again.