The dollar's advance stagnates as the yield of US yields slows down By Reuters

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar has remained flat against its peers on Wednesday, as the recent rebound in US bond yields is mired under the effect of more and more dovish rhetoric from the US. share of global central banks.

The basket against six major currencies barely changed at 97.313, after losing some traction after peaking at 95.517 weeks the previous week.

The greenback had reached its highest level in three and a half weeks, as the decline in risk aversion on the broader markets led to a rise in long-term yields in the United States from 15-year lows. month.

The marked rebound in treasury yields faltered, which slowed the advance of the dollar.

The dollar was slightly lower at 111.21 yen but at a distance of a two-week high at 111.46 staggered overnight.

"The big central banks are adopting Dovish rhetoric, which promotes" risk on "markets.The yen should remain on the defensive in such conditions," said Masafumi Yamamoto, chief foreign exchange strategist at Mizuho Securities in Tokyo.

The Reserve Bank of Australia left interest rates unchanged on Tuesday, but its statements were perceived by some as allusions to a shift to a more flexible monetary policy.

The Australian dollar, which fell sharply after the RBA's decision on Tuesday, extended losses to 0.7057 USD, down 0.2% on the day.

The pound was actually flat at $ 1,3131.

The day before, Sterling had jumped 0.25% after Prime Minister Theresa May announced her intention to ask Brexit for a new deadline for entering into a divorce agreement with the opposition labor leader. an ultimate way out of the stalemate on the departure of Britain.

The euro remained stable at $ 1,1203 after slipping overnight to $ 1,1183, its lowest level since March 8, weighed down by lower German Bund yields.

German yields were anchored below zero, with the Brexit stalemate fueling investor demand for safe havens. [GVD/EUR]