U.S. dollar rises, lifted by higher Treasury yields
- Dollar rises to nearly 3-month high vs yen
- Euro falls after German elections
- Focus on Fed speakers this week
NEW YORK/LONDON, Sept 27 (Reuters) – The U.S. dollar gained for a second straight session on Monday, bolstered by the rise in Treasury yields ahead of a slew of Federal Reserve speakers this week who could reinforce expectations of the start of asset purchase tapering before the end of the year.
U.S. benchmark 10-year Treasury yields hit a three-month high of $1.516% .
Fed speakers will be in focus this week, led by Chair Jerome Powell, who will join Treasury Secretary Janet Yellen in speaking before Congress on Tuesday.
The dollar index , which measures the U.S. currency against six major rivals, rose 0.2% to 93.442.
The greeback also extended gains after data showed new orders and shipments of key U.S.-made capital goods increased solidly in August, rising 0.5% in August amid…