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The US dollar rises as bond yields skyrocket

New York, September 28 (Xinhua)-The US dollar soared in late Tuesday trading as bond yields continued to rise.

The dollar index, which measures greenbacks for the six major peers, increased 0.41 percent at 93.7686.

In the second half of New York trading, the euro fell from $ 1.1698 in the previous session to $ 1.1676 and the pound sterling fell from $ 1.3708 in the previous session to $ 1.3531. The Australian dollar fell from $ 0.7286 to $ 0.7239.

The US dollar bought 111.59 yen, which is higher than 111.01 yen in the previous session. The US dollar rose from CHF 0.9259 to CHF 0.9299 and from CAD 1.2622 to CAD 1.2680.

US Treasury yields continued to rise on Tuesday, with benchmark US 10-year Treasury yields rising to 1.54% in the afternoon trading and 30-year Treasury yields above 2%. Higher yields are bullish on the dollar and lower yields are bearish on the dollar.

The US dollar rises as bond yields skyrocket

Source link The US dollar rises as bond yields skyrocket

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