The Dollar fell broadly in N.Y. on Friday, the result of a weaker May U.S. jobs report, and subsequently sharp drop in Treasury yields, as Fed tapering concerns were largely taken off the table for now. From Thursday’s high to Friday’s low, the 10-year Treasury yield fell 7 basis points to 1.56%, weighing on the USD, while at the same time supporting Wall Street, which rallied on Friday. The rate sensitive NASDAQ outperformed, rising 1.4% ahead of the close. Next week’s U.S.

The dollar has edged out a three-week high by the measure of the DXY narrow trade-weighted index, at 90.63. The high marked a 1.2% gain from the five-month low that was seen last week. While not large in magnitude, this is still the biggest rebound the dollar has seen since during its two-month bear phase that commenced in early April.

The dollar has printed a three-week high by the measure of the DXY narrow trade-weighted index, at 90.63. The high marked a 1.2% gain from the five-month low that was seen last week. While not large in magnitude, this is still the biggest rebound the dollar has seen since during its two-month bear phase that commenced in early April.