Dollar falls as Treasury yields firm
The dollar fell on Monday as inflation jitters, worsened by record-high prices in a regional U.S. manufacturing survey supported risk currencies at the dollar’s expense.
The 10-year U.S. Treasury yield steadied as investors sought hints regarding the Fed’s monetary policy.
The Federal Reserve is set to release the minutes of its meeting on Wednesday, which investors will scrutinize for clues about the central bank’s views on inflation spikes.
The dollar index fell 0.14% to 90.157. The euro climbed 0.09% to $1.2159, while the dollar slid 0.15% to 109.175 against the Japanese yen.
As economies reopen, rising demand and supply shortages boosted commodity prices on an upward trend.
Stronger crude oil prices also supported the loonie, but the krone lost ground against the dollar. The Aussie also slid despite higher metal prices.
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