Agency: The U.S. economy is strong, and the dollar is expected to rise further

The dollar is strengthening and could continue to move higher, Brown Brothers Harriman Bank analysts wrote. "While the U.S. election results have intensified the move... strong U.S. fundamentals continue to favor U.S. Treasury yields and the dollar higher." The U.S. bond market was closed Monday for Veterans Day, but yields have been moving higher for the past few weeks as markets brace for stubborn inflation on the back of strong growth. The U.S. October CPI will be released on Wednesday, and a Wall Street Journal survey shows that inflation is expected to rise slightly from a year earlier.