Market News
Dollar strengthens as solid US data pushes up bond yields - REUTERS
By Tom Westbrook and Greta Rosen Fondahn
Summary
- Dollar index ticks up on the back of higher yields
- Dollar/yen within striking distance of 160
- Trump inauguration and U.S. labour data in focus
SINGAPORE/GDANSK, Jan 8 (Reuters) - The dollar pushed higher for a second day on Wednesday, while other major currencies languished near multi-month lows after strong U.S. data drove a spike in bond yields and pared some bets on Federal Reserve rate cuts.
Data on Tuesday showed U.S. job openings unexpectedly rose in November and layoffs were low, while a separate survey showed U.S. services sector activity accelerated in December and a measure of input prices hit a two-year high - a possible inflation warning.
