The US dollar eased even though benchmark treasury yields climbed to multi-year highs. The 10-year Treasury yield jumped to as high as 1.97% on Tuesday, a level not seen since November 2019. The dollar index was seen stabilizing near 95.50 levels early in Asia on Wednesday as investors now await US inflation data due on Thursday for clues of the U.S. Federal Reserves timeline on interest rate hikes. The Dollar Index that tracks the greenback against a basket of other currencies edged down to be currently quoting at 95.53. Data released on Friday showed nonfarm payrolls jumped by 467,000 jobs in January, beating expectations and indicating a limited impact from the omicron variant on the US labor market.
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