Dollar gains another 0.9 on yen
Japanese finance minister warns of risks from yen slump
Dollar hits one year high on Swiss franc
Aussie boosted by RBA minutes showing rate hike getting closer
HONG KONG, April 19 Reuters The dollar index rose past 101 for the first time since March 2020 on Tuesday, as the greenback set its latest 20year high on the yen and tested a twoyear peak on the euro, supported by high U.S. Treasury yields and expectations of good economic data.
The dollar index , which measures the greenback against six peers, was last at 100.99, up 0.2, having risen as high as 101.02 in early trade. It has gained 2.6 so far this month.
I think the broad dollar trend reflects U.S. economic outperformance, while we39;ve seen some initial impacts of higher energy prices from the Ukraine war elsewhere, especially in the euro zone, said Carol Kong, FX strategist at Commonwealth Bank of Australia.
She added that she was watching purchasing manager index data due in several markets on Friday.
If we get weak PMI numbers in the euro zone or elsewhere, then markets could potentially downgrade their expectations for the global economy, but I don39;t think the U.S. PMI will be particularly weak, so we39;ll see some contrast there, which would probably support the dollar, she said.
Of course, the big driver for dollaryen has been surging U.S. bond yields.
The dollar39;s gains have been most striking against the against the Japanese currency, and on Tuesday it…