Forex Top Story

Dollar Comes Off Nine-week Lows, Scores Gains Against Some Major Currencies

The U.S. dollar gained in strength against some major currencies on Thursday, coming off over 2-month lows, after bond yields rose following data showing a strong first-quarter growth of the U.S. economy.

The yield on U.S. 10-Year Treasury Notes rose to about 1.65% after data showed the U.S. economy registered a strong growth in the first quarter, increasing at an annual rate of 6.4%, and the second-fastest growth since late 2003.

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by RTTNews Staff Writer

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