U.S. dollar ticks up amid rise in bond yields

Source: Xinhua| 2019-08-20 05:50:08|Editor: huaxia
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NEW YORK, Aug. 19 (Xinhua) -- The U.S. dollar increased on Monday, as investors got a brief relief from the rising yields of the U.S. treasury bonds.

The dollar index, which measures the greenback against six major peers, increased 0.21 percent at 98.3570 in late trading.

In late New York trading, the euro decreased to 1.1081 dollars from 1.1095 dollars in the previous session, and the British pound was down to 1.2132 dollars from 1.2151 U.S. dollars in the previous session. The Australian dollar declined to 0.6765 dollar from 0.6781 dollar.

The U.S. dollar bought 106.62 Japanese yen, higher than 106.28 Japanese yen of the previous session. The U.S. dollar was up to 0.9812 Swiss franc from 0.9783 Swiss franc, and it rose to 1.3329 Canadian dollars from 1.3269 Canadian dollars.

The long-dated and short-dated U.S. treasury notes saw their yields rally on Monday, with the benchmark 10-year Treasury yields up to nearly 1.61 percent and the yields of 2-year note up to nearly 1.56 percent.

The 10-year bill yields broke below the two-year bill yields once at a point last week, deepening worries that an inverted yield curve would incur an impending economic recession. Enditem