Sputnik
The dollar reached its highest level in seven months against the yen on Thursday, as it received support from a more regular rise in US Treasury yields, ahead of a speech by Jerome Powell, Chairman of the Federal Reserve.
The dollar also traded near its three-month high against the Swiss franc, and the US currency also held onto its gains against most currencies, but the US dollar suffered losses against its Australian and New Zealand counterparts.
Investors are anxious to see whether Powell will express his concern about the recent wave of fluctuations and selling in US Treasury bonds, and whether he will announce any change in his assessment of the economy’s situation before the next Fed meeting on March 17th.
The dollar rose to 107.09 Japanese yen, the highest level since July of last year. The dollar hit 0.9191 Swiss francs, near the highest level since last November.
The pound settled at $ 1.3955, while the euro traded at $ 1.2057, offsetting a 0.24 percent loss it had incurred in the previous session.
The dollar index, which tracks the performance of the greenback against a basket of six major currencies, scored 91.005 points, maintaining the 0.32 percent gain it made on Wednesday.
Source: Reuters
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