Dollar index hits 2018 high, havens yen and Swiss also rise

What are currencies doing?

The ICE U.S. Dollar Index DXY, +0.12%  was up 0.2% at 93.411, after giving back some earlier gains saw the gauge hit a year-to-date high. Though struggling for traction over the last few sessions, the index has been on an almost unchecked rise since mid-April, during which it flipped its year-to-date performance to positive.

The euro EURUSD, -0.3717%  fell to $1.1801 versus $1.1837 late Tuesday in New York. The euro also fell sharply against the safe-haven Swiss franc and Japanese yen, hitting a five-week low of 1.1791 francs and a six-day low at ¥130.

Against the dollar, the same haven currencies also strengthened, with the buck fetching ¥110.19 USDJPY, -0.07% down from ¥110.35 as well as 0.9991 Swiss francUSDCHF, -0.0400% down from 1.0012 late Tuesday in New York.

The British pound GBPUSD, -0.1703%  fell to $1.3492 compared with $1.3505 on Tuesday.

In other assets, U.S. stocks started the day slightly higher, with all three key indexes in the green, despite brewing geopolitical risks.

U.S. Treasury yields gave back Tuesday’s advances. The 10-year government noteTMUBMUSD10Y, +0.39%  last yielded 3.071, down 1 basis point.

https://www.marketwatch.com/story/dollar-index-hits-fresh-2018-highs-though-haven-yen-swiss-also-underpinned-2018-05-16?dist=markets

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