Sharjah24 – Reuters: The dollar rose to a one-week peak against major peers on Wednesday, buoyed by higher Treasury yields and a weaker euro ahead of a European Central Bank policy decision.
The dollar index, which measures the currency against six rivals, ticked up 0.05% to 92.580, after earlier touching 92.590, a level not seen since Sept. 1.
The euro slipped 0.05% to $1.1836 for the first time since Sept. 2.
The greenback gained 0.08% to 110.385 yen, helped by higher U.S. yields.
The benchmark 10-year Treasury note rose as high as 1.385% on Tuesday for the first time since mid-July, a climb of almost 6 basis points from Friday's close. Monday was a U.S. holiday.
The dollar index had tumbled to its lowest levels since early August at the end of last week, when a surprisingly soft U.S. payrolls report prompted speculation the Federal Reserve will forgo announcing a taper of stimulus at a policy meeting this month. At the same time, strong wage growth warned of the potential for inflationary pressures to grow.
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