(Bloomberg) -- The dollar strengthened as yields on
U.S. Treasuries rallied above 5 percent for the first time since
August and traders added to bets the Federal Reserve will
refrain from cutting interest rates this year.
The U.S. dollar gained the most against the euro in two
weeks as the extra yield investors earn on 10-year Treasuries
over similar-maturity European debt widened to the most in
almost two months. Bond yields climbed around the world after
the Reserve Bank of New Zealand unexpectedly raised rates today,
adding to prospects for faster global economic growth.
Read more at Bloomberg Currencies News
U.S. Treasuries rallied above 5 percent for the first time since
August and traders added to bets the Federal Reserve will
refrain from cutting interest rates this year.
The U.S. dollar gained the most against the euro in two
weeks as the extra yield investors earn on 10-year Treasuries
over similar-maturity European debt widened to the most in
almost two months. Bond yields climbed around the world after
the Reserve Bank of New Zealand unexpectedly raised rates today,
adding to prospects for faster global economic growth.
Read more at Bloomberg Currencies News
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