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Analysis: Investors seek out back to the future trades to beat inflation as bond yields rise
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Fed s Barkin says economy still short of bar for QE taper | Hellenic Shipping News Worldwide
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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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