"The sharp rise by Treasury yields certainly is not hurting the dollar. "In my view, the U.S. tax reform talks are proceeding roughly according to schedule. It cannot get much worse, and this is a supportive factor for the dollar," Yamamoto at Mizuho Securities said.The greenback was up 0.1 percent at 113.660 yen. The euro slipped 0.1 percent to $1.1653.Elsewhere, the Australian dollar lost 0.05 percent to $0.7655 to edge back towards a 3-1/2-month low of $0.7625 marked at the end of October. The currency has come under pressure with its yield buffer over the greenback shrinking to its narrowest since 2001.The market has pushed out the prospect of a rate hike in Australia, while almost fully pricing in a U.S. rise for December and at least one more next year.The New Zealand dollar shed 0.15 percent to $0.6923.

Source: The Star November 13, 2017 03:45 UTC