U.S. dollar rises as bond yields climb
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E-mail Xinhua, April 10, 2021
NEW YORK, April 9 (Xinhua) -- The U.S. dollar appreciated in late trading on Friday amid a momentum in bond yields.
The dollar index, which measures the greenback against six major peers, increased 0.11 percent at 92.1629.
In late New York trading, the euro was down to 1.1903 U.S. dollars from 1.1915 dollars in the previous session, and the British pound decreased to 1.3715 dollars from 1.3735 U.S. dollars in the previous session. The Australian dollar decreased to 0.7625 U.S. dollar from 0.7650 dollar.
The U.S. dollar bought 109.65 Japanese yen, higher than 109.25 Japanese yen of the previous session. The U.S. dollar rose to 0.9249 Swiss franc from 0.9238 Swiss franc, and it was down to 1.2527 Canadian dollars from 1.2567 Canadian dollars.
The above market moves came as U.S. treasury yields climbed. The yield on the benchmark U.S. 10-year treasury rose to 1.66 percent on Friday afternoon, while the yield on the 30-year treasury note advanced to 2.34 percent. A rising yield is dollar bullish, while a falling yield is dollar bearish. Enditem
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