U.S. Dollar eases as US Yields Rise

The U.S. dollar eased versus a basket of currencies on Thursday but stayed above a recent one-month low after a rise in U.S. bond yields reminded investors that the Federal Reserve was still closer to tempering its monetary stimulus than other major central banks.

The dollar index slipped 0.2 percent to 82.159, hovering above a one-month low of 81.926 set on Tuesday.

Figures out of the United States on Wednesday showed new-home sales jumped to a five-year high in June and an acceleration in factory activity in July, boosting hopes of a third-quarter pick-up in economic growth.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.