The dollar posted fresh highs against the euro and yen before correcting somewhat. U.S. Treasury yields at mid- to longer-dated maturities remained underpinned, albeit off yesterday’s 14-month peaks. The DXY dollar index pegged a new five-month high at 93.44, racking up the sixth higher high out of the last seven trading days, before ebbing back to levels near 93.10. EUR-USD posted a five-month low at 1.1704, while USD-JPY clocked a new one-year high at 110.96.
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