The index tracking the U.S. currency against its major peers climbed to 105.18 overnight, the highest since May 14, but was last down 0.25% at 104.87.
A two-day, 15-basis point jump above 4.6% for long-term Treasury yields helped push the dollar higher on Wednesday by boosting the attractiveness of U.S. debt. Yet, yields were last down around 3 basis points at 4.594% on Thursday.
The rise in yields, which move inversely to prices, has been driven by a spate of stronger-than-expected data, hawkish comments from Federal Reserve officials, and a run of poorly received bond auctions.
The euro was up 0.2% at $1.082 after dropping 0.5% on Wednesday to touch a two-week low of $1.0789 overnight.
“People will today be keeping an eye on the bond market to see…
