Dollar Bounces from Three-Year Lows as US Yields Rise

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Dollar Bounces from Three-Year Lows as US Yields Rise – Reuters

The dollar rose from a three-year low hit earlier in the day as a rise in US Treasury yields prompted some investors to buy the greenback but the market remained cautious on the outlook for the currency amidst a lack of price pressures.

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Euro Holds Three-Year Highs as Dollar Weakens Further

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Euro Holds Three-Year Highs as Dollar Weakens Further – Reuters

The euro held at three-year highs against the dollar after last week’s surge, its rise fueled by growing expectations that the European Central Bank will tighten monetary policy, while the dollar weakened further.

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China Changes the Way It Manages Yuan After Currency’s Jump

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China Changes the Way It Manages Yuan After Currency’s Jump – Bloomberg

China’s central bank has made a change to the regime used to manage the yuan, effectively removing a component used by banks to calculate their submissions to the currency’s daily reference rate, according to people familiar with the matter. 

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