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Dollar rises with Treasury yields, as euro losses deepen

Volatility in the foreign exchange and the interest rate markets has increased during the week as they tried to digest central bank actions and economic reports.

October 29, 2021 / 09:18 PM IST

The dollar bounced back on Friday from a prior day plunge after yields on government bonds rose and traders saw new inflation reports as challenging major central banks to pull back on asset purchases more quickly than planned.

The dollar index was up nearly 0.5% in the morning in New York after having lost nearly 0.6% on Thursday.

The euro fell 0.6% to $1.1609 just one day after having booked its biggest daily percentage gain in five months.

Volatility in the foreign exchange and the interest rate markets has increased during the week as they tried to digest central bank actions and economic reports. Next week could bring more of the same around policy meetings of the U.S. Federal Reserve, the Bank of England and the Reserve Bank of Australia.