Dollar Rises, Thanks to Rise in US Treasury YieldsSingapore, 13 Mar (ONA) — The dollar rebounded slightly today, thanks to a rise in US Treasury yields, though currencies traded in
tight ranges as investors struggled to determine the impact of an
escalating global trade war on US inflation and growth.

The dollar rose 0.05 % against the yen to 148.31, recovering
some of its losses from earlier in the week when it fell to a
five-month low against the Japanese currency.

US Treasury yields pushed higher as traders wagered on a
pick-up in inflation down the line, with the benchmark 10-year yield
last steady near a one-week top at 4.3047%.
The two-year yield was little changed at 3.9866%.

That kept the dollar supported and knocked the euro away from
Tuesday’s five-month top, with the single currency last fetching
$1.0890.

Sterling ticked up 0.06% to $1.2968, while the dollar index
edged away from Tuesday’s five-month low and firmed at 103.57.— Ends/Khalid