Dollar Remains Steady While Rates Take Center Stage – 9 May, 2018

The dollar stood steady against a basket of major currencies as the 10-year U.S. bond yield rose to the 3 percent mark. The dollar index was last planted at 93.11 having hit a four 1/2 month high of 93.42. Against the yen, the dollar stood little changed at 109.85 yen, not far off from the three month high hit in the beginning of the month of 110.05 yen. Hitting a 4 1/2 month low of $1.1823, the euro fell for six of the last seven sessions, finally landing at $1.1851. The pound stayed steady at $1.3548.