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Dollar hits 4-month high against euro on Federal Reserve's taper talk

The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks.

Topics
US Dollar | Euro | US Federal Reserve

Reuters  |  LONDON 

The dollar hit a four-month high versus the euro on Tuesday after upbeat U.S. jobs data bolstered expectations that the Federal Reserve could soon start tapering its massive bond-buying programme. Analysts said the dollar was supported by rising U.S. bond yields, as the prospect of reduced Fed stimulus weakened bond prices. The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks. U.S. job openings, a measure of labour demand, hit a record high in June while hiring also increased, the Labor Department said in a monthly survey on ...

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First Published: Tue, August 10 2021. 17:06 IST
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