US greenback slips behind bond yields

    New York, April 6 (Xinhua) – The US greenback traded down on Tuesday amid weak point in bond yields.

    The greenback index measuring the buck towards six key friends was down 0.29 % at 92.3261.

    In post-New York buying and selling, the euro had fallen from US $ 1.1810 to US $ 1.1871 within the earlier session, and the British pound had fallen from US $ 1.3902 to US $ 1.3824 within the earlier session. The Australian greenback fell from US $ 0.7652 to US $ 0.7664.

    The US greenback purchased 109.84 Japanese Yen, down from 110.17 Japanese Yen within the earlier session. The US greenback was down 0.9310 Swiss francs from 0.9932 Swiss francs, and it rose from 1.2523 Canadian {dollars} to 1.2576 Canadian {dollars}.

    The above strikes had been steeped in US Treasury yields. The yield on the benchmark US 10-year Treasury fell almost 1.66 % on Tuesday afternoon, and the yield on the 30-year Treasury was all the way down to 2.32 %. A rising yield is a greenback increase, whereas a falling yield is a greenback slowdown.


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