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Dollar hovers near month high on U.S. yield bounce, shaky pound
The dollar held near a one-month high against its peers on Wednesday, supported by a rebound in U.S. government bond yields and weakness of the pound as its battering from uncertainty about Brexit continued. The greenback was lifted as long-term U.S. Treasury yields bounced from three-month lows. [US/] The dollar index .DXY versus a basket of six major currencies stood at 97.387 after rising overnight to 97.545, its highest since Nov. 13. “In addition to higher Treasury yields, the weakening pound is providing a key boost to the dollar,” said Yukio Ishizuki, senior forex strategist at Daiwa Securities in Tokyo. ... (full story)