Dollar gains with bond yields up, Fed in focus

Published by
Reuters UK

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as investors eyed rising bond yields and continued to make bets on the U.S. Federal Reserve’s interest rate hiking path. The U.S. currency gained steam as the session wore on and was up against the euro and the yen but was down slightly against sterling, which regained some lost ground after a volatile session on Thursday following Britain’s latest budget. In the United States on Thursday, investors had reacted to hawkish policy ma…

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