The
dollar remained higher against the yen after the U.S. currency
rebounded from a key technical level at its 200-day moving average.The greenback also held gains after a rebound in stocks boosted investors�� appetite for risk and an increase in Treasury yields improved the allure of U.S. assets. Australia��s dollar fell against most major peers before a private survey forecast to signal manufacturing contracted for a fifth month in China, the South Pacific nation��s biggest trading partner.
The U.S. currency gained 0.1 percent to 101.46 yen as of 8:50 a.m. in Tokyo from yesterday, and was little changed at $1.3685 per euro after advancing 0.1 percent in New York. The yen traded at 138.79 per euro from 138.74.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, was little changed at 1,009.49, following a two-day 0.2 percent advance.
The Standard & Poor��s 500 Index rose 0.8 percent yesterday, rebounding from a 0.7 percent drop the previous session. U.S. Treasury 10-year note yields rose two basis points, or 0.02 percentage point, to 2.53 percent in New York.
A preliminary reading of a purchasing managers�� index by HSBC Holdings Plc and Markit Economics today will probably be 48.3 for May, according to the median estimate of economists polled by Bloomberg News. That would be a fifth month for the manufacturing gauge below the breakeven level of 50, the longest stretch since 2012.
The Aussie slipped 0.2 percent to 92.36 U.S. cents. It touched 92.09 yesterday, the least since May 2.
Source : Bloomberg
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