© Reuters. The dollar rose on Thursday.
Investing.com – The U.S. dollar was higher on Thursday as bond yields rose and minutes from the Federal Reserve’s September meeting supported a rate increase in December.
The U.S. , which tracks the greenback against a basket of other currencies, rose 0.13% to 95.47 as of 10:57 AM ET (14:57 GMT).
Treasury yields were higher on Thursday, with the note near a one-week high of 3.211% and the . The rise in bond yields came after showed the central bank’s conviction in gradually increasing interest rates in December and beyond.
Chances of a Fed rate hike at its meeting in December were priced in at , according to Investing.com’s Fed Rate Monitor Tool.
The dollar rose against the yen, with decreasing 0.12% to 112.53. Data overnight showed that Japanese exports fell for the first time since 2016 in September, adding to concerns over the impact of the U.S.-China trade war on global growth.
Elsewhere, the pound was lower as UK Prime Minister Theresa May faced political tension from her party after she conceded that the UK may need to extend its transition period from Brexit. fell 0.34% to 1.3069. The euro was also lower, with dipping 0.14% to 1.1486.
The Australian dollar was higher, with up 0.27% to 0.7127, while increased 0.20% to 0.6563 and inched up 0.12% to 1.3035.
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