US dollar rises against major currencies as Treasury yields climb

The US dollar rose against most major currencies during trading today, buoyed by ongoing increases in US Treasury yields and a decline in the euro.

The euro fell to a 17-month low, reaching $1.1185, down 0.6%. The dollar also gained 0.12% against the Japanese yen to 158.01 yen, while the British pound slipped 0.25% to $1.3205.

In the bond market, prices were relatively stable, with the yield on the 10-year US Treasury note edging down slightly to 5.2579%. The two-year yield stood at 4.8059%.