(Reuters) - A surge in benchmark U.S. yields to five-year highs this week on an upbeat outlook for the economy, has stoked demand for dollar-denominated securities.
"Investors are thinking the economy is doing well as the U.S. stock market has calmed down and they see few signs of inflation," said Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
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"Investors are thinking the economy is doing well as the U.S. stock market has calmed down and they see few signs of inflation," said Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
Read more at Reuters.com Hot Stocks News
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