Yahoo Finance U.S. Dollar Falls as Euro, Bond Yields Rise
Investing.com - The U.S. dollar was lower on Friday as bond yields continued to hold near a one-week high, while the euro was higher.
The U.S. dollar index, which tracks the greenback against a basket of other currencies, fell 0.13% to 95.60 as of 10:57 AM ET (14:57 GMT).
Treasury yields were higher, with the United States 10-Year note at 3.192%, not far from a one-week high of 3.211% on Thursday. Bond yields rose after hawkish Fed minutes on Wednesday showed the central bank's conviction in gradually increasing interest rates in December and beyond.
The dollar rose against the yen, with USD/JPY gaining 0.29% to 112.52.
Elsewhere, the pound and euro recovered from monthly lows.
GBP/USD rose 0.17% to 1.3040 despite a hard Brexit looking more likely.The euro was slightly higher, with EUR/USD increasing 0.22% to 1.1479 after European Economic Affairs Commissioner Pierre Moscovici played down the EU’s dispute with Italy’s budget.
He said the EU had only sent a letter to Rome and it would be a long process going forward. Italy is expected to reply to the EU letter by Monday.
The Australian dollar was higher despite China posting lower than expected third-quarter GDP. AUD/USD jumped 0.51% to 0.7134, while NZD/USD increased 0.76% to 0.6591.
The loonie was lower after core inflation rose less than expected and retail sales fell in August. USD/CAD was up 0.16% to 1.3104.
Related Articles
Euro May Take Lower Path Into ECB as Draghi to Maintain Rhetoric
Forex - Yuan Little Changed After Disappointing China GDP Data
Euro weak as Italian budget raises EU political risks, yen weakens
