While the euro rose 1.6% to $0.9978rebounding from its 20-year low of $0.9528 hit on September 26, while Sterling was up 1.2% at $1.1456from a record low of $1.0327 also on September 26.
A calmer UK government bond market was a relief for the pound after the recent turmoil caused by the Government.
The moves in the dollar and in yields appear to partly reflect market players’ views on the interest rate outlook, some strategists said.
“We are seeing a drop in interest rate expectations across financial markets as the Reserve Bank of Australia surprised with a lower-than-expected rate hike,” said Karl Schamotta, chief market strategist at Corpay in Toronto. .
In addition, economic data showed that job openings in the United States fell to 10.053 million in August, the highest figure in almost two and a half years.
The 10-year Treasury bond yield fell 6.6 basis points to 3.585%.
The Federal Reserve’s aggressive push to raise interest rates and the recent steady rise in US yields have helped support the dollar’s strong gains this year.
The dollar fell 0.4% against the Japanese yensettling at 144.03 yen, holding below 145 after briefly breaking above that level on Monday.
Source: Ambito
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