Dollar rises as US Treasury yields rise

Dollar rises as US Treasury yields rise

The US dollar rose against the major currencies for the second consecutive session today, supported by the US 10-year Treasury yields rising to a three-month high of 1.516% today. The main dollar index, which measures the performance of the greenback against 6 major currencies, rose 0.1% to 93.37, and the single European currency fell against the US dollar by 0.1% to 1.1698 dollars.

The US dollar rose against the Japanese yen by 0.3% to 110.99 yen after rising earlier in the session to its highest level in almost three months, and the US dollar rose against the Swiss franc by 0.2% to 0.9259 francs.