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Rising U.S. yields help dollar higher
The dollar hit a three-week high against the yen in early trade on Thursday and was holding firm against other majors, supported by rising U.S. Treasury yields, which hit two-week peaks overnight. The dollar rose as far as 130.23 yen, its highest since May 11, extending Wednesday's 1.1% gain and heading back towards its 20-year peak of 131.34 hit in May. The euro EUR= was at $1.0654, having fallen 0.81% to a 10-day low overnight, and sterling GBP=D3 was at $1.2485 after losing 0.96% on Wednesday. This left the dollar index =USD on the front foot at 102.53. "If you look at the equity market, at bonds, at dollars, it ... (full story)
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- Posted: Jun 1, 2022 11:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 789
