(Bloomberg) -- The dollar rose against the euro and
yen after a government report showed producer prices rose last
month more than economists forecast.
Traders increased bets that the Federal Reserve will hold
borrowing costs steady this year. The U.S. currency rose to the
highest against the yen since 2002 as the yield advantage of
Treasuries over Japanese government debt increased to near the
widest in almost four years.
Read more at Bloomberg Currencies News
yen after a government report showed producer prices rose last
month more than economists forecast.
Traders increased bets that the Federal Reserve will hold
borrowing costs steady this year. The U.S. currency rose to the
highest against the yen since 2002 as the yield advantage of
Treasuries over Japanese government debt increased to near the
widest in almost four years.
Read more at Bloomberg Currencies News
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