FILE PHOTO: A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo December 28, 2017 By Masayuki Kitano SINGAPORE (Reuters) – The dollar was on the defensive on Thursday, facing headwinds from a dip in U.S. 10-year bond yields, while commodity-linked currencies were bolstered by this week’s rally in metal and oil prices. The dollar’s index against a basket of six major currencies last stood at 92.980 <.DXY>, languishing near Wednesday’s trough of 92.956, its weakest level since Dec. 1. “Bond yields have pulled back from their peaks and the dollar is trading with a soft tone,” said Satoshi Okagawa, senior global markets analyst at Sumitomo Mitsui Banking Corporation in Singapore, referring to a pullback in U.S. 10-year Treasury yields. The U.S. 10-year Treasury yield stood near 2.42 percent <US10YT=RR>, having come off a nine-month high of 2.504 percent set last week. The U.S. 10-year yield had slipped on Wednesday as investors rebalanced portfolios before year-end. The euro edged up 0.1 percent to $1.1902 <EUR=>, having set a 3-1/2 week high of $1.1911 on Wednesday. Against the yen, the dollar eased 0.2 percent to 113.19 yen <JPY=>, staying below a four-week high of 113.75 yen touched on Dec. 12. Currencies of commodities exporters remained firm, in the wake of this week’s rise in oil prices <LCOc1> to 2-1/2 year highs and a surge in copper prices <CMCU3> to four-year peaks. The Australian dollar touched a fresh two-month high of $0.7780 <AUD=D3> on Thursday, having gained 0.8 percent so far this week. The Canadian dollar <CAD=D3> last stood at C$1.2639. On Wednesday, the loonie had touched a three-week high of C$1.2627. A rise to levels beyond its early December high of C$1.2624 would send the Canadian dollar to its highest since late October. (Reporting by Masayuki Kitano; Editing by Sam Holmes) // (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = 'https://connect.facebook.net/en_US/all.js#xfbml=1'; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); // source https://capitalisthq.com/dollar-near-3-1-2-week-lows-commodity-currencies-stand-tall/ from http://capitalisthq.blogspot.com/2017/12/dollar-near-3-12-week-lows-commodity.html
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