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The US dollar reached a 17-month high against the euro as a government bond sell-off in the US and Europe drove yields higher.
The dollar climbed to a 16-month high against the euro and the Swiss franc on Tuesday (local time) as the yield on the benchmark 10-year US Treasury note held a
Dollar strengthens on US growth and rate hikes, pushing euro to May 2025 low and set for biggest monthly rise in 14 months.