KONTAN.CO.ID - SINGAPORE. The dollar traded above a recent three-year low against a basket of major currencies on Tuesday, having drawn some support from a rise in U.S. bond yields as traders awaited a U.S. Federal Reserve policy meeting for fresh catalysts. The dollar edged up 0.1% against a basket of six major currencies to 89.392, having pulled up from a low of around 88.43 set last week, its weakest level since December 2014. Against the yen, the dollar eased 0.1% to 108.87 yen, giving back some of the gains made on Monday, when it rose 0.3% and pulled away Friday’s 108.28 yen, a level not seen since Sept. 11.
Dollar firm, underpinned by higher US bond yields as markets await Fed
KONTAN.CO.ID - SINGAPORE. The dollar traded above a recent three-year low against a basket of major currencies on Tuesday, having drawn some support from a rise in U.S. bond yields as traders awaited a U.S. Federal Reserve policy meeting for fresh catalysts. The dollar edged up 0.1% against a basket of six major currencies to 89.392, having pulled up from a low of around 88.43 set last week, its weakest level since December 2014. Against the yen, the dollar eased 0.1% to 108.87 yen, giving back some of the gains made on Monday, when it rose 0.3% and pulled away Friday’s 108.28 yen, a level not seen since Sept. 11.