Economic news

U.S. dollar moves up, propped up by gaining U.S. bond yields

The U.S. dollar slightly grew versus a basket of major currencies today, after its minimum of over a week, in view of expectations for international trade tensions to subside, which spurred U.S. bond yields.

The dollar index against six main currencies moved up near 0.1% reaching 92.647, following yesterday’s low of 92.243, the bottom level since May 2.

Returns on the 10-year U.S. Treasury added a basis point coming up to 3.001% in Asia, while yesterday’s rise had been 2 basis points. Signals of decreasing tensions between the U.S. and China helped drive yields up.

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