Dollar gains on reflation trade, Aussie recovers

Dollar gains on reflation trade, Aussie recovers

NEW YORK (Reuters) – The dollar index hit a three-week high on Monday as investors bet on faster growth and inflation in the United States, while the Australian dollar gained after the bank buyout central Australian. more bonds than expected in an attempt to stem the rapid rise in yields.

FILE PHOTO: A US dollar banknote is seen in this photo, illustration taken May 3, 2018. REUTERS / Dado Ruvic / Illustration

The dollar has gained in recent sessions along with US government bond yields on expectations that growth and inflation will rise as the administration prepares another fiscal stimulus and COVID-19 vaccinations. become more widespread.

Benchmark 10-year Treasury yields rose to 1.432% on Monday, but remain below the one-year high of 1.614% reached on Thursday.

The…

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