US DOLLAR

Dollar Halts Two-Day Drop as Yields Offer Support

The dollar edged higher and Treasury yields rebounded amid expectations that US economic data this week will show continued strength in the world's largest economy. 

The Bloomberg Dollar Spot Index rose 0.1% after losing 0.2% in the past two days. The Treasury 10-year yield climbed six basis points to 4.98% following a drop of eight basis points on Friday.

Investors are waiting for the release of US data including the manufacturing PMI due Tuesday, third-quarter GDP Thursday and the Federal Reserve's favored inflation gauge on Friday.

USD/JPY little changed at 149.94 after rising above 150 for the first time since Oct. 3, raising the specter of intervention by Japanese policymakers.

The Swiss franc underperformed all other G-10 peers, with USD/CHF up 0.3% at 0.8946.

Source : Bloomberg

 

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