Dollar gains with Treasury yields as Fed policy in focusReuters, NEW YORKThe US dollar on Friday rose in line with higher US Treasury yields, as investors focused on when the US Federal Reserve is likely to begin reducing its asset purchases. The greenback has risen from a one-month low on Friday last week after jobs data for last month showed that jobs growth slowed, while wage inflation rose more than expected. Fed officials are grappling with rising price pressures while jobs growth remains below their targets. The Wall Street Journal wrote that Fed officials would seek to make an agreement at the Fed’s meeting this month to begin paring bond purchases in November. The euro on Friday fell 0.07 percent to US$1.1816, a day after the European Central Bank said it would trim emergency bond purchases over the coming quarter.

Source: Taipei Times September 11, 2021 15:56 UTC