Dollar advances on higher yields to start the session – ForexLive

The greenback climbs to the highs for the day now


The relief in Treasuries this week is starting to dissipate, as 10-year yields are now up over 4 bps on the day to 1.579%. The low yesterday was seen at 1.475%.

The dollar is picking up some bids across the board now as it rises to the highs against the major currencies bloc. EUR/USD is seen down to 1.1955 and threatening a fall back below its 200-hour moving average @ 1.1960:

EUR/USD H1 12-03

The push higher yesterday stalled at the 38.2 retracement level of the recent swing move lower and now sellers are starting to seize back some near-term control on the day.

Elsewhere, GBP/USD is down to a low of 1.3960 and AUD/USD has fallen back to 0.7765.

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