Dollar Steady Ahead of Fed Chair Remarks, Underpinned by Higher US Yields

Dollar Steady Ahead of Fed Chair Remarks, Underpinned by Higher US Yields
U.S. dollar banknote is seen in this picture illustration taken on May 3, 2018. Dado Ruvic/Reuters
|Updated:
0:00

TOKYO—The dollar held firm against major currencies on Thursday and gained against more volatile ones, underpinned by the U.S. 10-year yield nearing the 5 percent level and before remarks by Federal Reserve Chair Jerome Powell at a discussion on the economy.

The dollar index, which tracks the unit against six main peers, was at 106.5 steady on the day, having risen 0.33 percent on Wednesday.