World

U.S. dollar jumps as Treasury yields climb

NEW YORK
2022-10-20 03:56

Already collect



NEW YORK, Oct. 19 (Xinhua) -- The U.S. dollar appreciated noticeably in late trading on Wednesday amid an upward momentum in government bond yields.

The dollar index, which measures the greenback against six major peers, increased 0.76 percent to 112.9820.

In late New York trading, the euro decreased to 0.9769 U.S. dollars from 0.9853 dollars in the previous session, and the British pound fell to 1.1205 U.S. dollars from 1.1317 dollars in the previous session. The Australian dollar fell to 0.6264 U.S. dollars from 0.6295 dollars.

The U.S. dollar bought 149.88 Japanese yen, higher than 149.19 Japanese yen of the previous session. The U.S. dollar rose to 1.0055 Swiss francs from 0.9951 Swiss francs, and it decreased to 1.3776 Canadian dollars from 1.3780 Canadian dollars.

The above market moves came as U.S. Treasury yields climbed. The yield on the benchmark U.S. 10-year Treasury rose by 13 basis points to around 4.13 percent on Wednesday afternoon, while the yield on the policy-sensitive 2-year Treasury note advanced to 4.55 percent. A rising yield is dollar bullish, while a falling yield is dollar bearish.
Add comments

Latest comments

Latest News
News Most Viewed