The US dollar climbed against most of its major peers with Treasury yields on hawkish comments by Federal Reserve Chair Jerome Powell. The Aussie gained.
The Bloomberg Dollar Spot Index rose 0.1% while the yield on policy sensitive two-year Treasuries advanced two basis points to 4.73%. The move extended Wednesday's 0.5% gain after Federal Reserve Chairman Jerome Powell said interest rates aren't restrictive enough, and haven't been there long enough to quell inflation.
Traders are now awaiting his appearance later Thursday in Spain for more clues on the Fed's rate outlook.
AUD/USD up 0.1% to 0.6606 after rising as much as 0.4% following better-than-expected retail sales data for May.
USD/JPY steady at 144.48 amid growing concern about intervention to support the yen.
Japan's chief currency official Masato Kanda tells reporters that authorities will respond appropriately if there is any excessive moves in the foreign-exchange market.
Source : Bloomberg
