NEW YORK, May 8 (Xinhua) -- The U.S. dollar rose in late trading on Monday as treasury yields rebounded from last week's low levels.
The dollar index, which measures the greenback against six major peers, rose 0.16 percent to 101.3725 in late trading.
In late New York trading, the euro was down to 1.1007 U.S. dollars from 1.1025 dollars in the previous session, and the British pound decreased to 1.2618 U.S. dollars from 1.2640 dollars in the previous session.
The U.S. dollar bought 135.1160 Japanese yen, higher than 134.7650 Japanese yen of the previous session. The U.S. dollar was down to 0.8895 Swiss franc from 0.8905 Swiss franc, and it decreased to 1.3371 Canadian dollars from 1.3377 Canadian dollars. The U.S. dollar fell to 10.1511 Swedish Krona from 10.1554 Swedish Krona.
The U.S. 2-year note yield rate rose towards 4.00 percent on Monday while the 10-year bond yield rate once topped over 3.50 percent, lending support to the U.S. dollar.
"The underlying picture of the economy remained largely the same, as most reports did little to change long-term trends -- the services side of the economy remained resilient, the slump in manufacturing proceeded, and the employment picture continues to defy gravity," Brent Schutte, chief investment officer of the Northwestern Mutual Wealth Management Company, wrote in a note on Monday.
Market participants are turning their eyes to the latest U.S. consumer price index and producer price index, scheduled to be released on Wednesday and Thursday, respectively.
