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Dollar Edges Higher, Underpinned by Rise in U.S. Bond Yields


Tuesday, 15 May 2018 12:43 WIB

DOLLAR Indeks DolarUSD


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The dollar inched up against a basket of currencies on Tuesday from its lowest level in more than a week as hopes for an easing of global trade tensions pushed U.S. bond yields higher.

The dollar's index versus a basket of six major peers rose about 0.1 percent to 92.647, pulling up from 92.243 on Monday, which was its lowest level since May 2.

The dollar, which hit a four-month index high of 93.416 last week, has lost steam after soft April U.S. consumer price data raised doubts as to whether the U.S. Federal Reserve would raise interest rates as many as four times in 2018.

The euro edged up 0.1 percent to $1.1932, but remained below Monday's high of $1.1996, which was the common currency's highest level since May 3. Against the yen, the dollar rose 0.1 percent to 109.72.

Source : Reuters


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