U.S. dollar climbs on rising U.S. yields

Source: Xinhua| 2018-04-21 04:40:50|Editor: Mu Xuequan
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NEW YORK, April 20 (Xinhua) -- The U.S. dollar index increased on Friday amid rising U.S. yields.

The dollar index, which tracks the greenback against six major peers, was up 0.37 percent at 90.277 in late trading.

The yield on the 10-year Treasury note moved above 2.957 percent Friday, hitting its highest level since January 2014.

The two-year yield hit 2.457 percent, its highest level since Sept. 8, 2008 when the two-year yielded as high as 2.542 percent.

With no major data on Friday, analysts said higher U.S. yields have contributed to the rise in the dollar.

In late New York trading, the euro declined to 1.2286 dollars from 1.2338 dollars in the previous session, and the British pound decreased to 1.4031 dollars from 1.4078 U.S. dollars in the previous session. The Australian dollar was down to 0.7671 dollar from 0.7723 dollar.

The U.S. dollar bought 107.57 Japanese yen, higher than 107.40 Japanese yen of the previous session. The U.S. dollar was up to 0.9746 Swiss franc from 0.9721 Swiss franc, and it rose to 1.2739 Canadian dollars from 1.2671 Canadian dollars.