View full page at forexfactory.com

 

US Yields Lift Dollar and Leave Yen Languishing

From money.usnews.com

The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. Benchmark 10-year Treasury yields rose nearly 14 basis points to 4.479% overnight, with analysts attributing the move to expectations of Donald Trump winning the U.S. presidency and raising tariffs and government borrowing. As the dollar rose, the euro handed back part of a small rally as the first round of France's election turned out more or less in line with polling. The single currency last bought $1.0735. "Trump's better ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis