Dollar Recovers as Treasury Yields Rise and Oil Surges
The dollar recovered after hitting a three-week low against a basket of currencies as Treasury yields rose. Brent climbed above $114 a barrel to its highest level since May amid fresh Middle East tensions.
At 0625 GMT, the dollar was recovering after touching a three-week low against a basket of currencies on Thursday, while Treasury yields rose and oil prices jumped. Fresh tensions in the Middle East pushed Brent crude to its highest levels since May, above $114 per barrel. Higher oil prices support t…