Market Update: Rising U.S. Yields Bolster Dollar, Pressure Low-Yielding Currencies
The U.S. dollar was buoyed by rising U.S. Treasury yields on Tuesday, placing significant pressure on low-yielding currencies such as the Chinese yuan and the Japanese yen, with the latter reaching its lowest level since 1986. Benchmark 10-year Treasury yields rose nearly 14 basis points to 4.479% overnight, driven by expectations of a potential Donald […]