The dollar held near three-week highs on Tuesday as a drop in market volatility ...
FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration
With 10-year U.S. Treasury yields up by more than 20 basis points over the past four weeks to a one-month high, demand for U.S.-denominated assets has grown.The dollar index against a basket of six key rivals rose to 97.39, edging toward the 2019 high of 97.71 struck in early March. Data released overnight showed U.S. existing-home sales fell more than expected in March. Figures for new-home sales will be released later in the day.
Support for the dollar came amid a general drop in market volatility. Expected moves in the euro/dollar exchange rate over a one-month period held near a five-year low of 4.50 vol.
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