TOKYO : The U.S. dollar held close to a 10-week peak versus a basket of major peers, and near its highest since November against the yen, as Treasury yields rose made fresh post-financial crisis highs on Tuesday amid speculation U.S. rates will be stay high for longer.China's central bank bolstered the yu
TOKYO : The U.S. dollar held close to a 10-week peak versus a basket of major peers, and near its highest since November against the yen, as Treasury yields rose made fresh post-financial crisis highs on Tuesday amid speculation U.S. rates will be stay high for longer.
"Surging long-term U.S. yields and the underwhelming response by China's policymakers to ongoing stresses in China's property and financial markets continue to provide bullish impulse to" the U.S. dollar, Richard Franulovich, a currency strategist at Westpac, wrote in a note. Against Japan's currency, the dollar edged 0.1 per cent lower to 146.125 yen, after earlier rising to 146.425, bringing it close to Thursday's peak of 146.565, which was the highest since Nov. 10.
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