Dollar rises as more central banks turn dovish, defies lower Treasury yields

The dollar rose on Thursday as many of its peers weakened after more central ban...

TOKYO - The dollar rose on Thursday as many of its peers weakened after more central banks opted to shift to a dovish policy stance in the wake of deteriorating economic prospects.

The dollar index against a basket of six major currencies was 0.17 percent higher at 96.942 and headed for its third day of gains. “So it is currencies like the euro, which is being dragged down by negative German yields, and the New Zealand dollar, which are suffering losses and allowing the dollar to rise in turn.”

The New Zealand dollar was down 0.2 percent at $0.6786, stretching losses from the previous day’s 1.6 percent slide.

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