Dollar rises as oil lifts Treasury yields; Fed hike expected
The dollar edged up against most major currencies on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike rates this week, with U.S. 10-year Treasury yields hitting peaks not seen since 2007.
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07:30:39 PM UTC
SquawkNews
By Chibuike OguhGlobal stocks were lower on Tuesday, continuing a selloff from the previous session, after U.S. Treasury yields hit their highest level since 2007 and with oil prices firmly above $100 per barrel.U.S. Treasury yields have risen over the past month as investors weigh expectations for…
The dollar edged higher against most major currencies on Tuesday as a jump in oil prices pushed Treasury yields higher and reinforced expectations that the Federal Reserve will raise interest rates this week. S. 10-year Treasury yields reached levels not seen since 2007 on Tuesday as investors gi…