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US dollar ticks up as Treasury yields partly claw back fall
The dollar ticked higher on Monday as Treasury yields rose off last week’s 2-1/2-month lows following news that initial observations suggested those suffering from the Omicron COVID-19 strain only had mild symptoms. The Omicron news from South Africa helped reverse some of the moves from Friday, when Wall Street had sold off heavily.That selloff had taken 10-year Treasury yields below 1.4% for the first time since late-September and boosted the safe-haven yen and Swiss franc. The dollar had tumbled as much as 0.4% lower against the Japanese currency. . Friday’s greenback losses also followed a below-forecast jobs ... (full story)