HONG KONG : The dollar was on the back foot on Thursday after tumbling overnight, particularly against sterling and the euro, as U.S. yields paused their march higher, offering some relief to the bruised and battered yen.
The benchmark 10-year Treasury yield was 2.7120per cent. It rose steadily earlier this month - driven by expectations of more aggressive Federal Reserve tightening to combat inflation - and reached as high as 2.836per cent on Tuesday, ahead of U.S. inflation figures. This left the dollar index which measures the dollar against six peers, at 99.818 after a 0.52per cent overnight tumble.
The Singapore dollar gained about 0.5per cent to a one week high on the dollar after the move. The Korean won was less concerned, rising 0.16per cent.
Le dollar était en retrait jeudi après avoir chuté du jour au lendemain, en particulier face à la livre sterling et à l'euro, alors que les rendements américains ont interrompu leur progression, ECB ( 2:30 pm ) la réunion de la Banque centrale européenne à 14h30
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