Dollar Rises Supported by US Bond Yields

The dollar rose today, supported by a rise in US Treasury yields, while the yen fell to a three-month low. In the Asia session, the yen weakened as far as 153.88 per dollar and 166.06 per euro, on both counts the softest since late July. The yen was last down about 0.7% on the dollar at 153.35, with a 6.4% drop through October. At $1.0790, the euro rose 0.2% today, but was down more than 3% on the month. Sterling bought $1.2952 and has logged a 3.1% drop through October so far. New Zealand dollar has fallen 6% this month to $0.5958, while its Australian counterpart has fallen 4.6% this month to $0.6579. The US dollar index has climbed 3.6% to 104.46 during October, its sharpest monthly rise since April 2022. The yuan hit its weakest since late August at 7.1355 per dollar. Source: Oman News Agency