Tuesday 4 July 2017

Dollar bounces after worst quarter in seven years

The dollar recovered ground on Monday, hitting a six-week high against the yen as higher US government bond yields helped halt a run of losses that added up to the currency's worst quarter since 2010.
Signs of a shift towards policy tightening last week from central bank officials outside the United States drove the euro above $1.14 to its highest in over a year, but the support of higher market interest rates continues to favour the greenback.

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