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26.04.201802:38:00UTC+00Dollar Strengthens, Buoyed by Rising U.S. Bond Yields

The dollar stood near a 3-½-month peak versus a basket of peers on Thursday, buoyed by higher U.S. Treasury yields, led by the 10-year benchmark breaching the 3 percent threshold this week for the first time in four years.

The dollar index, which measures the greenback against a basket of currencies, was steady at 91.148 after rising to as much as 91.261 in the previous session, its highest since Jan. 12.

Against the yen, the dollar set a 2-½-month high of 109.49 yen but later eased to 109.30 yen, down 0.1 percent. So far in April, the dollar has gained 2.8 percent against the yen, putting it on track for its biggest monthly gain since November 2016.

The euro climbed 0.2 percent to $1.2179 but was still within sight of a near two-month low of $1.2160 set on Wednesday.

The near-term focus is on the European Central Bank's rates review due later on Thursday.

The ECB is expected to keep policy unchanged on Thursday, playing down worries over recent softness in the euro zone economy and leaving the door open to ending its lavish bond purchase scheme by the close of the year.

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