Greenback is at 3-week peaks

Greenback is at 3-week peaks

On Monday, the greenback started the week at three-week peaks against a currency basket, after a major Fed reinforced the major bank's commitment to keep lifting interest rates.

The dollar index, usually tracking the greenback against six key counterparts, gained 0.1%, hitting 101.230, having ascended as high as 101.340, hitting its highest values since March 15.

New York Fed President William Dudley revealed that the Fed might avoid lifting interest rates at the same time that it starts shrinking its $4.5 trillion bond portfolio, thus prompting just a little pause in the major bank's rate lift plans.

His comments spurred US Treasury yields that added to the greenback’s appeal. By the way, the benchmark 10-year yield that wallowed at its lowest values since November on Friday, last traded at 2.385% in Asia, soaring from its American close of 2.373%.

The US dollar gained 0.3%, hitting 111.40 yen.

Financial markets were also monitoring developments in the Syrian civil war, reacting to the previous week's American missile strike on an air base in Syria, which had provided the perceived safe-haven Japanese currency with a boost.

 

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