Dollar Surges as U.S. Yields Rise, Yen Hits 1986 Low

On Tuesday, the U.S. dollar gained strength as rising U.S. yields exerted pressure on low-yielding currencies, particularly China’s yuan and Japan’s yen. The yen struggled significantly, hitting its lowest point since 1986. The surge in U.S. yields has bolstered the dollar, creating a challenging environment for other currencies with lower yields. This economic shift underscores the impact of U.S. monetary policy on global currency markets.