Forex – Dollar hit a two-week high against the yen on Tuesday

Forex – Dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs.

The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20.

The 10-year Treasury yield traded at 2.492 percent, pulling back from a 15-month low of 2.34 percent.

The euro was down 0.1 percent at $1.1205. The single currency brushed $1.1198, its lowest since March 8, and was headed for its sixth straight day of losses.

Sterling last traded at $1.3059, down 0.35 percent, after the British parliament on Monday failed to agree on any alternative to Prime Minister Theresa May’s divorce deal from the European Union.

The pound had rallied on Monday on expectations that an agreement would eventually emerge, leading to some sort of a trade agreement between the European Union and Britain.

The Australian dollar, sensitive to shifts in risk sentiment, was a touch lower at $0.7108 after edging up 0.2 percent the previous day.

 

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