The Dollar Index climbed to an almost three-year high
before U.S. data forecast to show jobless claims decreased and home sales rose,
adding to the case for the Federal Reserve to reduce monetary stimulus.
The greenback strengthened against all major peers and
Treasury yields rose to the highest in two months after Fed Chairman Ben S.
Bernanke said yesterday the central bank may taper monthly bond purchases if
it’s confident of sustained gains in the economy. Australia’s dollar was slid
to an 11-month low ahead of a report on China’s manufacturing.
The Dollar Index, which IntercontinentalExchange Inc. uses
to track the greenback against currencies of six U.S. trading partners, added
0.1 percent to 84.463 as of 9:59 a.m. in Tokyo. It earlier reached 84.467, the
highest since July 2010, while 10-year Treasury yields climbed to as high as
2.07 percent, a level unseen since March 14.
The U.S. currency rose 0.3 percent to 103.49 yen and gained
0.2 percent to $1.2828 per euro. Europe’s 17-nation currency advanced 0.1
percent to 132.76 yen
(Source: Bloomberg)
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