US dollar dips with Treasury yields, but rises for weekReuters, NEW YORK and LONDONThe US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s US Federal Reserve meeting for more clarity on the outlook for rate hikes. Expectations that the Fed will tighten monetary policy at a faster pace than previously anticipated had driven a rise in yields and the US dollar earlier this week. US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand for the safe-haven debt. Next week’s Fed meeting could shed some light on how fast it will tighten. Against the US dollar, the pound eased 0.24 percent at US$1.3560, its lowest level in more than a week.

Source: Taipei Times January 22, 2022 19:00 UTC