(Bloomberg) -- The dollar strengthened against the
euro as benchmark Treasury yields rose above 5 percent for the
first time since August and speculation increased that the
Federal Reserve will hold interest rates steady.
The U.S. currency gained the most in three months against
the euro as the extra yield investors earn on 10-year Treasuries
over similar-maturity European debt was the widest in almost two
months. The yen rose against all of the most active currencies
on the worst three-day decline in U.S. stocks since February,
reflecting reduced appetite for risk among investors.
Read more at Bloomberg Currencies News
euro as benchmark Treasury yields rose above 5 percent for the
first time since August and speculation increased that the
Federal Reserve will hold interest rates steady.
The U.S. currency gained the most in three months against
the euro as the extra yield investors earn on 10-year Treasuries
over similar-maturity European debt was the widest in almost two
months. The yen rose against all of the most active currencies
on the worst three-day decline in U.S. stocks since February,
reflecting reduced appetite for risk among investors.
Read more at Bloomberg Currencies News
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