The dollar rose on Wednesday with the "stats" and US rates. The publication of vigorous economic indicators, coupled with a sharp rise in US sovereign rates, supported the dollar on Wednesday against a basket of benchmark currencies.

Rising US sovereign yields and a series of strong economic indicators for January in the United States gave the dollar a boost on Wednesday. The dollar index gained 0.45% in the evening to 90.92 points, after a session high of 91.06 pts while the euro for its part yielded 0.52% to $1.2041.
These indicators are accompanied by a rise in producer prices much higher than expected, by 1.3% over one month in January, against +0.4% consensus and after +0.3% in December. Excluding food and energy, the PPI (producer price index) rose another 1.2%.
It must be said that the dollar is also supported by the rapid rise in bond yields in the United States, where the yield on the 10-year T-Bond rose to its highest level in a year, crossing the 1.30% threshold on Tuesday against 0.9% at the end of 2020. The 30-year T-Bond now yields more than 2% compared to 1.64% at the end of 2020.