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Dollar Gains vs. Euro & Yen as Treasuries Yield Increases

November 10, 2010 at 17:11 by Vladimir Vyun

US DollarThe US dollar rose today against the euro and the Japanese yen as the increasing yield of the Treasuries raised the attractiveness of the dollar-priced assets.

The dollar also strengthened as the reports showed that the US trade deficit narrowed and the unemployment claims decreased. The concerns that the European economy would struggle after the European Central Bank would remove stimulus drove the euro further down against the greenback.

EUR/USD dropped from 1.3772 to 1.3692 as of 15:11 GMT today after it rose to the intraday high of 1.3824. USD/JPY rose from 81.68 to 82.25, following the advance to 82.65.

If you have any questions, comments, or opinions regarding the US Dollar, feel free to post them using the commentary form below.

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