"Surging Treasury Yields Propel US Dollar to New Heights"

The US dollar is experiencing a sudden surge as Treasury yields rise, despite unclear reasons for the bond market's behavior. Possible factors include flatten trades clearing out, concerns about energy prices impacting the Fed's decisions, or a case of 'buy the rumor, sell the fact'. The dollar's strength is seen across the board, with the Canadian dollar being particularly affected due to a surprising contraction in Canada's Q2 GDP.