NEW YORK, May 8 (Xinhua) — The U.S. dollar rose in late buying and selling on Monday as treasury yields rebounded from final week’s low ranges.
The dollar index, which measures the buck towards six main friends, rose 0.16 p.c to 101.3725 in late buying and selling.
In late New York buying and selling, the euro was right down to 1.1007 U.S. {dollars} from 1.1025 {dollars} within the earlier session, and the British pound decreased to 1.2618 U.S. {dollars} from 1.2640 {dollars} within the earlier session.
The U.S. dollar purchased 135.1160 Japanese yen, larger than 134.7650 Japanese yen of the earlier session. The U.S. dollar was right down to 0.8895 Swiss franc from 0.8905 Swiss franc, and it decreased to 1.3371 Canadian {dollars} from 1.3377 Canadian {dollars}. The U.S. dollar fell to 10.1511 Swedish Krona from 10.1554 Swedish Krona.
The U.S. 2-year notice yield fee rose in the direction of 4.00 p.c on Monday whereas the 10-year bond yield fee as soon as topped over 3.50 p.c, lending assist to the U.S. dollar.
“The underlying picture of the economy remained largely the same, as most reports did little to change long-term trends — the services side of the economy remained resilient, the slump in manufacturing proceeded, and the employment picture continues to defy gravity,” Brent Schutte, chief funding officer of the Northwestern Mutual Wealth Management Company, wrote in a notice on Monday.
Market members are turning their eyes to the newest U.S. shopper value index and producer value index, scheduled to be launched on Wednesday and Thursday, respectively.