The U.S. dollar is heading for its first back-to-back weekly gain since June as rising Treasury yields SupportAn area where buyers have previously absorbed enough selling to slow or reverse a fall. It is a zone of interest, not an invisible floor.Read More the CurrencyDefinition A currency is a form of money used to pay for goods and services, measure value, and transfer purchasing power between people and businesses. Examples include t...Read More. Higher yields are strengthening the dollar’s appeal while investors assess the outlook for U.S. interest rates and InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More.
The U.S. dollar was on track for its first back-to-back weekly gain in more than three months as Treasury yields surged. Reuters reported the dollar index around 101.2 after gaining more than 1% this week, EUR/USD near 1.1370 and GBP/USD near 1.3220.
