Investors are quick to buy into the dips in the US dollar amid hopes that the Fed will continue on its rate hike journey, limiting the upside attempts in the pair. The US Treasury yields also hold onto the recent upswing, with the benchmark 10-year rates hovering near three-week highs of 2.902%. Meanwhile, markets fully price in a 50 bps ECB rate hike in September but increasing odds of a recession in the euro area, in the wake of the deepening gas crisis, keep hurting EUR bulls. Attention now turns towards the Eurozone Industrial Production and Current Account data for fresh trading impetus. The main event risk, however, remains the US UoM Preliminary Consumer Sentiment Index due later in the NA for fresh re-pricing of the Fed rate hike odds and its eventual impact on the dollar valuations.