Higher US yields send dollar upwards March 15, 2021SharePrint The US dollar continues to play bond market ping-pong The direct correlation between moves in US bond yields and the US dollar saw the greenback spike higher after a surprise leap in US long-end bond yields on Friday. The dollar index climbed 0.20% to 91.68 on Friday. The index fell this morning after US 10-year futures climbed (yields fell) but has moved back to unchanged as the bond futures moved into negative territory. The US dollar’s advance versus the major and commodity currencies on Friday has left the majors drifting in the middle of their weekly ranges. The Australian and New Zealand dollars remain just below their multi-month support lines, while the Canadian dollar has moved out of danger, for now, USD/CAD falling to 1.2480 on Friday. Overall, the G-10 group is almost unchanged in moribund Asian trading.