(Corrects days of 0.5% falls in paragraphs four and 11 to Wednesday, from Tuesday)
By Harry Robertson and Kevin Buckland
LONDON/TOKYO (Reuters) – The dollar held steady on Thursday after rising to a two-week high as a rout in U.S. Treasuries pushed up yields, boosting the currency’s allure.
The index tracking the U.S. currency against its major peers climbed to 105.18 overnight, the highest since May 14, and was slightly lower at 105.05 in early European trading.
A two-day, 15-basis point jump above 4.6% for long-term Treasury yields helped push the dollar higher. The rise in yields, which move inversely to prices, has been driven by a spate of stronger-than-expected data, tough words from Federal Reserve officials, and a run of poorly received bond auctions.
The euro suffered as U.S. yields rose, dropping 0.5% on Wednesday to touch a two-week low of $1.0789 overnight before bouncing somewhat to $1.0806.
“If you look at…
