NEW YORK—The dollar recovered from a nine-week low on Thursday, lifted by a rise in U.S. Treasury yields after the government reported strong economic growth for the first quarter and an improvement in new jobless claims in the latest week. U.S. benchmark 10-year Treasury yields rose 2 basis points on Thursday, to 1.639 percent, boosted…
US Dollar Climbs From Nine-Week Low in Step With Higher Treasury Yields
China’s Digital Yuan Will Not Topple the Dollar, SEC Official Says
April 29, 2021
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LONDON—China’s planned digital yuan will not dethrone the dollar, a top Securities and Exchange Commission official said on Thursday, citing the growth of so-called stablecoins backed by the greenback. The world’s biggest central banks, including the People’s Bank of China and U.S. Federal Reserve, are stepping up work on issuing digital cash, eyeing improvements to…
Dollar Slumps to 6-Week Low, Bitcoin Steadies After Weekend Drop
LONDON—The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary. The dollar was also held down by improved risk sentiment amid a rally in global stocks…
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