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U.S. dollar rises as bond yields climb

NEW YORK
2022-04-22 04:41

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NEW YORK, April 21 (Xinhua) -- The U.S. dollar climbed in late trading on Thursday as Treasury yields rally resumed.

The dollar index, which measures the greenback against six major peers, rose 0.19 percent at 100.5780.

In late New York trading, the euro decreased to 1.0841 U.S. dollars from 1.0845 dollars in the previous session, and the British pound was down to 1.3028 dollars from 1.3056 U.S. dollars in the previous session. The Australian dollar decreased to 0.7369 U.S. dollar from 0.7441 dollar.

The U.S. dollar bought 128.27 Japanese yen, higher than 127.80 Japanese yen of the previous session. The U.S. dollar rose to 0.9531 Swiss franc from 0.9488 Swiss franc, and it was up to 1.2582 Canadian dollars from 1.2504 Canadian dollars.

The above moves came as U.S. Treasury yields jumped after Federal Reserve Chairman Jerome Powell indicated on Thursday that the central bank was likely to raise interest rates by a half percentage point at its meeting in May. A rising yield is dollar bullish, while a falling yield is dollar bearish.
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