Greenback soars back towards 14-year high

rub-l11On Wednesday, the greenback moved back towards a 14-year high, as American debt yields resumed rising, providing a lift against the safe-haven yen amid sturdy investor appetite for riskier assets.

The dollar index against a basket of key currencies rose 0.1%, hitting 103.30.

The index tacked on to a 14-year peak of 103.82 yesterday in reaction to the Institute for Supply Management numbers, that showed that American factory activity surged to a two-year peak in December.

Late on Tuesday, profit-taking on the greenback in the wake of a pullback in American yields had taken the index towards 103.00.

The common currency dropped 0.1%, reaching $1.0394, having recovered to $1.0423. It reached a 14-year low of $1.0340 overnight.

Against the Japanese yen, the major American currency grew 0.2%, getting to 111.970, having slipped to 117.540. The major American currency soared overnight to a near three-week high of 118.605 yen.

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