Dollar stronger as bond markets calm down


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The U.S. dollar is finding its footing as Wall Street traders get to their desks. A more stable Treasury market, where the 10-year yield on Thursday is dipping from three-month highs, might


usually pressure the buck. But investors of late have equated rising Treasury yields with foreigners shedding U.S. assets, which has encouraged additional dollar selling. Consequently, this


session's dip in yields has helped the greenback climb off lows, most notably against the Japanese yen, as shown below. The dollar's rally comes as the House has just passed the


Republican tax bill.