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Analysis: Investors seek out back to the future trades to beat inflation as bond yields rise

Analysis: Investors seek out back to the future trades to beat inflation as bond yields rise
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Dollar holds advantage over low-yielders, risk currencies slip back

US Dollar: Dollar holds advantage over low-yielders, Australian dollar looks to RBA

TOKYO: The dollar stood firm against its low-yielding peers on Tuesday on bets of a faster economic recovery and greater tolerance of higher U.S. bond yields, while the Australian dollar looked to guidance from the country s central bank. The dollar index last stood at 91.014, having hit a three-week high of 91.139 overnight, with its February peak of 91.600 seen as a possible next target. The U.S. currency rose to 106.89 yen on Monday, its highest since late August, and last stood at 106.84 yen while the euro dipped to $1.2049, near its lowest level in almost two weeks. The common currency was under pressure as top officials from the European Central Bank sounded alarm over rises in bond yields.

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