Dollar Rises Alongside US Yields with Fed in Focus
The dollar rose alongside Treasury yields amid a large slate of corporate-bond sales and as investors await more data to help determine the Federal Reserve’s interest-rate path.
The Bloomberg Dollar Spot Index rises 0.2%, recovering after falling off of 100-DMA seen around 1209 mark on Monday
Earlier, S&P Global Services PMI came in at 52.5; Composite PMI was 52.7.
UR/USD falls 0.3% to 1.1687 ahead of release of euro-area inflation report on Wednesday.
One-week implied volatility on euro trades at its highest level since just before the ECB meeting last month.
USD/CHF gains 0.5% to 0.7958.
USD/JPY gains 0.2% to 156.69; USD/CAD up 0.3% to 1.3806.
Source: Bloomberg.com