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AUG 23, 2013 - Forbes

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U.S. Yields Lift Dollar Higher

All week long the mighty dollar has been buoyed by U.S. Treasury yields as higher rates suggest a stronger greenback. Outflows from emerging market bonds and equities funds accelerated on expectations that the U.S. Federal Reserve will start withdrawing its stimulus measures. Thus, foreign exchange (forex) investors are shunning risk in emerging markets and that’s leading them to fold their bets on a larger scale. In the overnight session, the moderation in the U.S. 10-year Treasury yields to the +2.89%/2.91% range is seen as a support for risk assets across Asia.

Tags: U.S. Yields Lift Dollar Higher,  Federal Reserve Latest News