Dollar supported by strong U.S. data, higher Treasury yields

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Dollar supported by strong U.S. data, higher Treasury yields
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The dollar hovered near a two-week high against its peers on Friday, supported b...

TOKYO - The dollar hovered near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields.

The greenback reached the two-week peak on robust U.S. housing data and a weekly jobless claims report which pointed to sustained labor market strength for the world’s biggest economy. Italy’s right-wing League party will “tear apart” European Union rules which are “strangling” the country if it scores well in a May 23-26 European parliamentary election, Italian Deputy Prime Minister Matteo Salvini said on Thursday.

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