Dollar bolstered by surge in US bond yields – CNBC
US dollar banknotes.
Liu Jie | Xinhua via Getty
The dollar found support on Wednesday as higher U.S. yields pushed it higher against the Japanese yen and investors bet on a wider and deeper recovery from the U.S. coronavirus.
The yield on 10-year U.S. debt, which rises when bond prices fall, made its biggest gain in two months overnight before a record auction of $ 38 billion later…
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