October 20, 2021
Economy

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…

Read full article here: www.reuters.com