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The dollar hit a one-month high against the yen on Tuesday

TOKYO The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.
The dollar was boosted as long-term Treasury yields soared to multi-week highs after Mnuchin reiterated his view in an interview with Bloomberg, saying the government issuing debt exceeding 30-years in maturity “can absolutely make sense.”
A U.S. one-hundred dollar bill (C) and Japanese 10,000 yen notes are spread in Tokyo, in this February 28, 2013 picture illustration.
The jump in U.S. debt yields helped the dollar brush off negative pressure from downbeat data.
“The dollar is moving in tandem with Treasury yields, which saw its benchmark rise above the 2.3 percent threshold with Mnuchin seemingly very enthusiastic about issuing so-called ultra long-term bonds,” said Yukio Ishizaki, senior currency strategist at Daiwa Securities.

U.S. yields

as informed in REUTERS/Kacper Pempel/Illustration/File photoMay 2, 2017By Shinichi SaoshiroTOKYO (Reuters) – The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.
REUTERS/Kacper Pempel/Illustration/File photo FILE PHOTO: A picture illustration shows a 1 euro coin on one U.S. dollar banknotes, January 18, 2011.
The jump in U.S. debt yields helped the dollar brush off negative pressure from downbeat data.
FILE PHOTO: A picture illustration shows a 1 euro coin on one U.S. dollar banknotes, January 18, 2011.
The euro traded at 122.00 yen <EURJPY=> after touching a 1-1/2-month high of 122.150.

Dollar edges higher as U.S. shutdown avoided By Investing.com

Dollar edges

as informed in Dollar edges higher as U.S. shutdown avoidedForex 20 hours ago (May 01, 2017 03:41AM ET)Investing.com – The dollar edged higher Monday as a U.S. government shutdown was avoided.
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The edged below $1.09 but remained underpinned by a jump in core euro-zone .
The dollar was firm above 111 as eyes remained on developments in the Korean peninsula.
The was up 0.14% at 99.03 with many markets in Asia and Europe closed for the Labor Day holiday.

 

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