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Dollar boosted as U.S. Treasury yields hit seven-year high

From reuters.com

The dollar stood tall on Friday against its major peers, including the yen and euro, as investors evaluated the impact of a two-day global government bond rout that has lifted U.S. Treasury yields to seven-year highs. The yield on the benchmark 10-year U.S. Treasury note hit its highest levels since May 2011 after private payrolls data came in stronger than forecast. The private payroll numbers were seen as boosting the odds that official U.S. jobs data for September due later in the day would also be stronger than expected. The dollar rose 0.1 percent to 114.04 yen after coming off an 11-month high of 114.55 yen ... (full story)

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  • Category: Fundamental Analysis