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Dollar near 5-month high after benchmark Treasury yield soars above 3 pct

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - The dollar hovered near a five-month high against a group of major currencies on Wednesday, as a surge in the benchmark 10-year Treasury yield above 3 percent reignited a rally that had lost steam last week.The dollar index versus a basket of six major peers added 0.1 percent to 93.335 after rallying to 93.457 overnight, its highest since Dec. 22.The greenback had gained with few interruptions since mid-April as easing tensions in the Korean Peninsula and moves by China and the United States to prevent a full-blown trade war allowed investors to focus ...

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First Published: Wed, May 16 2018. 06:03 IST