U.S. dollar climbs as bond yields surge
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E-mail Xinhua, September 29, 2021
NEW YORK, Sept. 28 (Xinhua) -- The U.S. dollar jumped in late trading on Tuesday, amid a continued upward momentum in bond yields.
The dollar index, which measures the greenback against six major peers, increased 0.41 percent at 93.7686.
In late New York trading, the euro decreased to 1.1676 U.S. dollars from 1.1698 dollars in the previous session, and the British pound decreased to 1.3531 dollars from 1.3708 U.S. dollars in the previous session. The Australian dollar fell to 0.7239 U.S. dollar from 0.7286 dollar.
The U.S. dollar bought 111.59 Japanese yen, higher than 111.01 Japanese yen of the previous session. The U.S. dollar rose to 0.9299 Swiss franc from 0.9259 Swiss franc, and it increased to 1.2680 Canadian dollars from 1.2622 Canadian dollars.
U.S. treasury yields continued to climb on Tuesday, with the yield on the benchmark U.S. 10-year treasury rising to 1.54 percent in afternoon trading, and the yield on the 30-year treasury note hovering above 2 percent. A rising yield is dollar bullish, while a falling yield is dollar bearish. Enditem
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