The greenback touched two-month peak on longer than expected interest rate hike
The greenback edged up hitting two-month peak on Monday as traders withdrew their bets on the Fed's early interest rate trims this year.
Treasury yields advanced more on Monday post Fed’s Chair Jerome Powell comment that suggested the possibility of no swift interest rate cut as projected.
The treasury yield rose further on projections of extended period of higher interest rate in the US, with the two-year yield
The dollar index that gauges the greenback versus its major pairs by 0.12% to 104.17, marking it a peak since the 11th of December.
EUR/USD ticked down by 0.26% at $1.0762, hovering around the lowest level not seen since the half of December.
GBP dipped 0.17% to $1.2612, hovering around the lowest level in two weeks.
The yen dipped touching the lowest level not seen since last December during the Asian trade 148.82 per dollar, before muting at 148.43.
