Rising Treasury yields and a mixed reading on eurozone manufacturing activity helped lift the dollar against major developed countries within the G-10, but it traded lower against several emerging-market rivals.
The yield on the 10-year Treasury touched a seven-week high earlier in the session before retreating slightly, helping to draw investors to the dollar, said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange.
The dollar remained higher, but came off its highs from earlier in the global day, as Treasury yields moved lower, Esiner said. The U.S. currency was little-changed after a report showed orders for goods produced at U.S. factories rose 2.1% in March, up from a 0.1% decline in February, but short of expectations for a 2.4% increase, according to a survey of economists conducted by MarketWatch.
via MarketWatch
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