Dollar Decreases Amid Falling US Bond Yields
The US dollar is under pressure amid falling the US 10 year yields. The dollar index against the basket of the six major currencies was at the level of 92.98, which is the weakest value since December 1. The US 10-year Treasury bonds was about 2.42% after reaching a nine-month maximum of 2.504% last week.
The US dollar fell by 0.2% against the Japanese yen, to 113.19, remaining below the four-week high of 113.75, reached on December 12. The euro rose by 0.1% to $1.1902.
Commodity currencies continue to rise this week, following rising oil and copper prices. The Australian dollar touched a two-month high of $0.7790, gaining 0.9% this week amid rising copper prices.