Investing.com investing.com 12 Jan, 2021 18:15 am

Dollar holds firm as Treasury yield jumps, spurring rebound By Reuters

Dollar holds firm as Treasury yield jumps, spurring rebound By Reuters
Dollar holds firm as Treasury yield jumps, spurring rebound

It has closed a dollar-bearish trade versus the euro and the Canadian dollar and removed its bullish view on emerging market currencies, in part because U.Most emerging market currencies rose on Tuesday, including the offshore yuan , Mexican peso and South African rand.With equity markets back in a bullish mood, riskier developed market currencies such as the Australian and New Zealand dollars also rose.The dollar index, which measures the greenback against a basket of currencies, was unchanged at 90.

dollar index https://fingfx.ING analysts said Fed officials due to speak later on Tuesday were likely to pour cold water on any suggestion of slowing monetary stimulus support.

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