Dollar Rises as Treasury Yields Hit 2-Year High
The US dollar rose in early dealings in Europe on Tuesday, pulled higher as concerns over inflation pushed 10-year U.S. government bond yields to their highest in over two years.
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Dollar Up Alongside Surge in U.S. Treasury Yields
“For the foreseeable future, we see little chance of the BoJ adjusting policy rates,” said Oxford Economics analyst Shreena Patel. “We believe the yen will remain weak this year but that room for further depreciation is limited.”
USD/JPY traded at 114.79, up 0.2% on the day.
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The euro was also little changed against the dollar at $1.1402, ahead of the release of the German ZEW economic sentiment index for January.
In emerging markets, the ruble weakened again amid growing fears that President Vladimir Putin will send his tanks across the Ukrainian border again. USD/RUB rose 0.4% to 76.40, although the movement was largely in line with other emerging market currencies as the dollar strengthened again.
News on Dollar boosted by US Treasury yields
US Dollar Rises as Treasury Yields Hit 2-Year High
Dollar Up Boosted by Rising Treasury Yields
The US Dollar Rises as Treasury Yields Hit 2-Year High
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