©Reuters. File photo. Euros, Hong Kong dollars, US dollars, pounds and yuan.
By Karen Brettell
NEW YORK, April 11 (Reuters) – The dollar held below two-year highs against a basket of currencies on Monday, supported by rising U.S. Treasury yields, while the euro rallied. after Emmanuel Macron edged out far-right challenger Marine Le Pen in the first round of France’s presidential election.
US bond yields have soared on expectations of more aggressive tightening by the Federal Reserve, which has boosted the greenback. Benchmark 10-year note returns hit 2.793% on Monday, the highest since January 2019.
* The euro was on track to snap a seven-day losing streak against the dollar, rising 0.14% to $1.0889. He traded at 99.92 units, after hitting 100.19 on Friday, the highest since May 2020.
* Macron will face Le Pen in what promises to be a close second round of the French presidential election on April 24.
* The yen fell 0.94% against 125.45 yen, after hitting its lowest level since 2015.
* The Russian ruble weakened on a nervous backdrop, reversing some of the previous week’s gains, after the central bank decided to relax temporary capital control measures.
(Additional reporting by Iain Withers in London and Tom Westbrook in Singapore; Editing in Spanish by Ricardo Figueroa and Javier Leira)