Thu, 15 Apr 2021

U.S. dollar advances amid rising bond yields

09 Mar 2021, 07:30 GMT+10

NEW YORK, March 8 (Xinhua) -- The U.S. dollar appreciated in late trading on Monday amid an uptick in government-bond yields.

The dollar index, which measures the greenback against six major peers, increased 0.36 percent at 92.3144.

In late New York trading, the euro was down to 1.1858 U.S. dollars from 1.1912 dollars in the previous session, and the British pound decreased to 1.3837 dollars from 1.3840 U.S. dollars in the previous session. The Australian dollar decreased to 0.7662 U.S. dollar from 0.7689 dollar.

The U.S. dollar bought 108.86 Japanese yen, higher than 108.33 Japanese yen of the previous session. The U.S. dollar increased to 0.9351 Swiss franc from 0.9308 Swiss franc, and it was down to 1.2655 Canadian dollars from 1.2664 Canadian dollars.

The yield on the benchmark 10-year U.S. treasury climbed to 1.6-percent level Monday afternoon, and the 30-year U.S. treasury bond yield also firmed. Normally, a rising yield is dollar bullish, while a falling yield is dollar bearish.

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