"Dollar Dominance: Surge Amidst Rate Cut Jitters and Global Risks"

The US dollar strengthened against major currencies as higher US Treasury yields reduced expectations for a March interest rate cut, with the euro, British pound, and Australian dollar falling sharply. Technical analysis indicates that EUR/USD may find support at 1.0840, GBP/USD at 1.2600, and AUD/USD near 0.6570, while resistance levels are at 1.0930, 1.2675, and 0.6635 respectively. The market sentiment suggests caution amid potential reversals and the need to monitor crucial support levels.