Dollar Builds on Previous Day’s Gains as Focus Turns to US Data

Dollar Builds on Previous Day’s Gains as Focus Turns to US Data
U.S. dollar banknote is seen in this picture illustration taken on May 3, 2018. Dado Ruvic/Reuters
Reuters
Updated:
0:00

LONDON/SINGAPORE—The U.S. dollar rose again on Wednesday after jumping the previous day, underpinned by elevated U.S. Treasury yields and a cautious turn that weighed on Wall Street.

Trading was relatively subdued, with Japanese markets shut for a holiday and investors waiting for important U.S. economic releases later in the day, including minutes from the Federal Reserve’s December meeting.