Firm yields push dollar to a 4-month high [CNBC]
SHIRE (SHPG)
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Source: CNBC
The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent rattled some currency bears while a mixed picture from business surveys failed to help the euro before a European Central Bank meeting. Asian shares fell on Wednesday after a sharp sell-off in U.S. markets and warnings from U.S. companies of higher costs drove fears that a boom in corporate earnings may be near its peak when concerns of fiscal stimulus in a late U.S. economic cycle have pushed bond yields higher. With rising bond yields spoiling the fun and disappointment around the U.S. tech sector putting a dampener on sentiment, hopes are pinned on earnings delivering, said Societe Generale macro strategist Kit Juckes. The dollar index against a basket of six major currencies rose 0.4 percent to 91.093. It had climbed overnight to 91.076, highest since Jan. 12, before a slide in Wall Street stocks tempered investor risk appetite. Against the yen , the d
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