Dollar on defensive as sentiment recovers amid retreat in US yields
Dollar on defensive as sentiment recovers amid retreat in US yields Reuters TOKYO | Updated on × The safe-haven US dollar remained broadly weaker on Wednesday as Treasury yields continued to retreat, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower US yields also sapped some of the dollar's allure among fellow low-yielding currencies, with the yen and Swiss franc bouncing off multi-month lows. Bonds have been at the centre of a st...
Source: thehindubusinessline.com