U.S. dollar slips as bond yields retreat
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E-mail Xinhua, August 3, 2021
NEW YORK, Aug. 2 (Xinhua) -- The U.S. dollar weakened in late trading on Monday amid weakness in bond yields.
The dollar index, which measures the greenback against six major peers, fell 0.14 percent at 92.0441 in late trading.
In late New York trading, the euro rose to 1.1874 U.S. dollars from 1.1857 dollars in the previous session, and the British pound increased to 1.3894 dollars from 1.3891 U.S. dollars in the previous session. The Australian dollar increased to 0.7365 U.S. dollar from 0.7335 dollar.
The U.S. dollar bought 109.24 Japanese yen, lower than 109.75 Japanese yen of the previous session. The U.S. dollar decreased to 0.9048 Swiss franc from 0.9061 Swiss franc, and it was up to 1.2507 Canadian dollars from 1.2478 Canadian dollars.
The moves came as the yields on the benchmark U.S. 10-year treasury and the 30-year treasury both dipped on Monday. A rising yield is dollar bullish, while a falling yield is dollar bearish. Enditem
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