FOREX-Dollar gains as yields hold near recent highs before ECB meeting - NewsBreak

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By Bryan in Business
Updated 3 years ago

(Adds quotes, rewrites throughout, updates prices) * Graphic: World FX rates tmsnrt.rs/2RBWI5E By Karen Brettell NEW YORK, Sept 8 (Reuters) - The dollar hit a one-week high against peers on Wednesday as U.S. Treasury yields held near the upper end of their recent range and as the euro weakened a day ahead of a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, gained 0.18% to 92.70, the highest since Sept. 1. "We've seen the dollar move in lockstep higher with U.S. yields since markets have returned from the Labor Day holiday. The focus now turns to key central bank meetings - with the ECB tomorrow and the Fed later this month," said Viraj Patel, global FX and macro strategist at Vanda Research. The benchmark 10-year Treasury note yield has risen since data on Friday showed that U.S. jobs growth slowed while wage inflation was higher than expected. The yields were last at 1.35%, up around 5 basis points from before Friday's data. An

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