The King US Dollar Consolidates – Investing.com

The King US Dollar Consolidates – Investing.com

Interest rates, ostensibly the fuel behind the dollar's surge, pulled back a little in the US yesterday. However, the greenback's rally continued, lifting it to new highs for the year against , the , and . Some of the buying may have been related to quarter-end, and it came back a bit softer against most of the major currencies.

The was struggling and the euro eased in the European morning. The and dollars were leading the move higher, while the liquid, freely accessible emerging market currencies also enjoyed a firmer bias. The JP Morgan Emerging Market Currency Index was posting a gain for the first time in five sessions.

Benchmark 10-year yields rose in the Asia Pacific region but were narrowly mixed in Europe, with the periphery doing a little better than the core. The remained under pressure, and the yield was poking above 1% for the first time in three months. The US was little changed around 1.52%.