Dollar finally strengthens after seven-week lows
The dollar has finally risen amid a mix of gains and losses against major currencies Tuesday as interest rates in the United States moved in a tight range and the outlook for vaccinations in Europe improved.
After touching its lowest level in Asian trading in nearly seven weeks, the dollar rose 0.2% at 91.186 in mid-day trading in New York.
The euro has flattened at $1.2036 after a gain of 0.4% and the British pound fell 0.4% to $1.3943 after gaining 1% on Monday and touching $1.40.
Bitcoin rose 0.2% to $55,790.
The dollar had fallen in April as U.S. bond yields retreated from the 14-month highs of 1.776% reached last month. The Federal Reserve’s slow tightening of monetary policy has caused the currency and yield to decline, analysts have said.
