The dollar traded higher against most of its G10 peers as US 10-year treasury yields edged once again above the psychological barrier of 3%. In the UK, the employment report for March is likely to take center stage as investors try to figure out whether and when the BoE will hike rates this year.
USD Rebounds as US 10-year Treasury Yields Breach 3% Again
The dollar traded higher against most of its G10 peers as US 10-year treasury yields edged once again above the psychological barrier of 3%. The rally continued during the Asian morning Tuesday as well, with yields hitting a high of 3.021%. The greenback gained the most against NZD, NOK and SEK, while it ended the day virtually unchanged against its British counterpart.
Market chatter suggests that yields owe their gains to hopes that the US-China trade story could end up with the two nations finding common ground through negotiations. On Sunday, US President Trump pledged to...
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