Dollar regains overnight losses as U.S. yields steady

10.03.2021 - Evdokimov Roman
Dollar regains overnight losses as U.S. yields steady

The dollar climbed on Wednesday, gaining back some of its overnight losses as U.S. yields hit support after dropping from one-year highs.

Risk currencies like the Aussie and the kiwi fell after acquiring large gains on Tuesday. The euro fell 0.2% to $1.18815 after recovering from a 3 ½-month low of $1.18355 on Tuesday.

Against the yen, the dollar rose 0.3% to 108.780. The dollar index closely tracked a spike in Treasury yields in the past weeks, which triggered safe-haven demand.

The 10-year Treasury yield firmed at 1.54% on Wednesday in Asian trade following a three-day fall from a one-year peak of 1.6250%. 

The dollar index stood 0.2% higher at 92.147 in Asia on Wednesday after dropping from a 3 ½-month high of 92.506 overnight.

The Aussie slid 0.4% to $0.7684 after rising 1% overnight, while the kiwi dipped 0.4% to $0.7146. 

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