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<div class="at-above-post addthis tool" data-url="https://www.metro.us/dollar-gains-as-treasury/"></div>NEW YORK (Reuters) – The U.S. dollar rebounded from three-week lows on Tuesday as Treasury yields hit pre-pandemic highs and bullish economic sentiment boosted investor risk appetite. Bitcoin also surpassed $50,000 to a hit record high as it continued to gain credibility among companies and investors. Benchmark 10-year Treasury yields touched their highest level since […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/dollar-gains-as-treasury
The U.S. dollar rebounded from three-week lows on Tuesday as Treasury yields hit pre-pandemic highs and bullish economic sentiment boosted investor risk appetite.
The U.S. dollar was mired at a three-week low on Tuesday as growing optimism about the outlook of the global economy in the coming months sent investors scurrying to purchase riskier currencies including the euro, crown and the British pound. Against a basket of its rivals, the greenback steadied at 90.229, its lowest level since .
FOREX-Dollar stuck at 3-week lows as quick U.S. recovery bets fade Reuters 2/16/2021
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By Saikat Chatterjee
LONDON, Feb 16 (Reuters) - The U.S. dollar held at three-week lows on Tuesday as traders unwound some of their bullish bets on the U.S. economy s outlook after weak surveys data last week.
U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000, according to a University of Michigan survey. A separate Reuters survey showed slower jobs growth in the coming months. and
As a result, a Citigroup economic surprise index for the United States fell to its lowest level since early January and was just shy of a eight month low, suggesting hopes for a quick U.S. economic recovery may be stretched.