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USA forex market

Dollar rallies as US economic optimism boosts Treasury yields
Markets

Dollar rallies as US economic optimism boosts Treasury yields

  • Benchmark 10-year Treasury yields rose to 14-month highs on Tuesday at 1.776%, and were last up 2 basis points on the day at 1.742%.
  • Treasury yields are rising a day before President Joe Biden is set to outline how he intends to pay for a $3 trillion to $4 trillion infrastructure plan.
Updated 30 Mar, 2021 08:25pm
Dollar pauses as traders weigh Fed's dovish stance
Markets

Dollar pauses as traders weigh Fed's dovish stance

  • The Fed's loose policy stance on Wednesday triggered a dollar sell-off and pushed up 10-year Treasury yields to 14-month highs.
  • The benchmark US 10-year yield eased on Friday to 1.6838%, after hitting a more-than-one-year peak of 1.754% in the previous session.
Published 19 Mar, 2021 06:09pm