News: FOREX-Higher Treasury yields boost dollar

• Higher Treasury yields boost dollar
• U.S. refrains from calling China a currency manipulator

(New throughout, updates prices, market activity and comments to U.S. market open, new byline, changes dateline, previous LONDON)

The U.S. dollar index traded near one-week highs on Thursday as Treasury yields edged higher, after minutes from the Federal Reserve’s September meeting showed that Fed policy makers are largely united on the need to raise borrowing costs further.

That came despite U.S. President Donald Trump's view that interest rate hikes have already gone too far.

Benchmark 10-year Treasury yields have jumped to 3.21 percent US10YT=RR , from around 3.17 percent before the minutes of the U.S. central bank's Federal Open Market Committee (FOMC) meeting were released on Wednesday, supporting a higher dollar.

“The Treasury market leaked higher in yield yesterday following the FOMC minutes, and that got a bit of attention,” said Brian Daingerfield, a macro strategist at NatWest Markets in Stamford, Connecticut.

"For the broader dollar, the interplay is how does the dollar trade relative to what’s going on interest rates and what’s going on in the broader risk environment?” Daingerfield said.

The dollar index measuring the greenback against a basket of currencies .DXY gained 0.14 percent on the day to 95.711, just below a one-week high of 95.775 reached in overnight trading.

China's currency traded CNH=D3 near a three-month low against the dollar at 6.9490 yuan per dollar, after a semiannual report by the U.S. Treasury refrained from naming China a currency manipulator but showed concern about yuan depreciation.

"Of particular concern are China's lack of currency transparency and the recent weakness in its currency," said Treasury Secretary Steven Mnuchin.

By stating that the Treasury will monitor and review the yuan's moves over the coming six months, “the U.S. explicitly noted that it stands ready to name China in its April 2019 report,” Citigroup analyst Calvin Tse said in a report.

Deutsche Bank strategists termed the Treasury report "as a bit of an escalation without being too dramatic."

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	Currency bid prices at 9:32AM (1332 GMT) 

 Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
											  Previous				   Change				  
											  Session											
 Euro/Dollar	  EUR=		$1.1494		$1.1499	 -0.04%		 -4.18%	  +1.1527	 +1.1482 
 Dollar/Yen	   JPY=		112.5300	   112.6400	-0.10%		 -0.12%	  +112.7200   +112.4400 
 Euro/Yen		 EURJPY=	 129.36		 129.53	  -0.13%		 -4.31%	  +129.7200   +129.1300 
 Dollar/Swiss	 CHF=		0.9959		 0.9952	  +0.07%		 +2.22%	  +0.9975	 +0.9921 
 Sterling/Dollar  GBP=		1.3100		 1.3113	  -0.10%		 -3.05%	  +1.3131	 +1.3077 
 Dollar/Canadian  CAD=		1.3040		 1.3016	  +0.18%		 +3.68%	  +1.3055	 +1.3019 
 Australian/Doll  AUD=		0.7128		 0.7108	  +0.28%		 -8.63%	  +0.7151	 +0.7105 
 ar																							  

 Euro/Swiss	   EURCHF=	 1.1449		 1.1444	  +0.04%		 -2.05%	  +1.1466	 +1.1428 
 Euro/Sterling	EURGBP=	 0.8772		 0.8768	  +0.05%		 -1.24%	  +0.8792	 +0.8769 
 NZ			   NZD=		0.6559		 0.6548	  +0.17%		 -7.44%	  +0.6577	 +0.6535 
 Dollar/Dollar																				   

 Dollar/Norway	NOK=		8.2250		 8.2122	  +0.16%		 +0.22%	  +8.2341	 +8.2053 
 Euro/Norway	  EURNOK=	 9.4569		 9.4467	  +0.11%		 -3.98%	  +9.4669	 +9.4405 
 Dollar/Sweden	SEK=		8.9950		 8.9639	  +0.31%		 +9.67%	  +8.9994	 +8.9513 
 Euro/Sweden	  EURSEK=	 10.3400		10.3077	 +0.31%		 +5.10%	  +10.3432	+10.3054