Fri, 03 Dec 2021

U.S. dollar edges up amid higher treasury yields

Xinhua
19 Oct 2021, 06:05 GMT+10

NEW YORK, Oct. 18 (Xinhua) -- The U.S. dollar inched higher in late trading on Monday, amid a momentum in the bond yields.

The dollar index, which measures the greenback against six major peers, increased 0.02 percent at 93.9549.

In late New York trading, the euro was up to 1.1610 U.S. dollars from 1.1605 dollars in the previous session, and the British pound decreased to 1.3730 dollars from 1.3748 U.S. dollars in the previous session. The Australian dollar decreased to 0.7417 U.S. dollar from 0.7420 dollar.

The U.S. dollar bought 114.26 Japanese yen, the same as 114.26 Japanese yen of the previous session. The U.S. dollar was up to 0.9232 Swiss franc from 0.9227 Swiss franc, and it fell to 1.2376 Canadian dollars from 1.2383 Canadian dollars.

The above market moves came as the 10-year U.S. Treasury yield climbed higher to start the trading week, rising above 1.6 percent at one point on Monday morning. A rising yield is dollar bullish, while a falling yield is dollar bearish.

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