Dollar rebounds as US Treasury yields rise

US dollar rose today against a basket of currencies, to recover the losses it hit yesterday, as the 10-year US Treasury yield rose to a 3-week high, while the risk appetite improved after US Treasury Secretary Steven Mnuchin's comments.

The dollar index rose by 0.15% to 98.46 points, from the opening of 98.33, with a low of 98.26.

Dollar closed lower by 0.1% yesterday, on weak US jobs data for August.

During last week, the dollar index shed 0.8%, its second weekly loss in the last three, on recession fears over the US economy, and the market's bets on another US rate cut this year.

US 10-year Treasury yields rose Tuesday to 1.647%, the highest level in nearly three weeks, as risk appetite improved in high-yielding financial asset markets.

The 10-year US Treasury bond yield rose to 1.647% (3-week high), as the market's risk appetite improved.

US Treasury Secretary Steven Mnuchin told Fox News that there is a preliminary agreement on solving the intellectual property crisis with China, and that the two countries have reached a lot of progress in the talks, and the US side is fully prepared to negotiate.