U.S. dollar dips as Treasury yields retreat

NEW YORK, Oct. 4 (Xinhua) -- The U.S. dollar fell broadly against major rivals in late trading on Tuesday amid weakness in government-bond yields.

The dollar index, which measures the greenback against six major peers, decreased 1.5 percent to 110.0690.

In late New York trading, the euro rose to 1 U.S. dollar from 0.9821 dollars in the previous session, and the British pound increased to 1.1479 U.S. dollars from 1.1313 dollars in the previous session. The Australian dollar decreased to 0.6498 U.S. dollars from 0.6517 dollars.

The U.S. dollar bought 143.93 Japanese yen, lower than 144.72 Japanese yen of the previous session. The U.S. dollar decreased to 0.9787 Swiss francs from 0.9930 Swiss francs, and it decreased to 1.3510 Canadian dollars from 1.3635 Canadian dollars.

The above moves came as U.S. Treasury yields slipped. The yield on the benchmark U.S. 10-year Treasury fell to around 3.62 percent on Tuesday afternoon, after briefly topping 4 percent last week for the first time in more than a decade. The 30-year Treasury yield also declined. A rising yield is dollar bullish, while a falling yield is dollar bearish.

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