Dollar Recovers as Treasury Yields and Oil Prices Rise
The dollar is supported by rising Treasury yields, higher oil prices amid Middle East supply concerns, safe-haven flows and a weaker euro amid French debt concerns. The body says the dollar hit a near three-week low on Tuesday.
The dollar rebounds as Treasury yields climb and oil prices advance amid concerns that the Middle East conflict could disrupt supply. Safe-haven demand also supports the currency, while the euro weakens amid continuing concerns over French debt. On Tuesday, the dollar reached a near three-week low aga…