Dollar gains as U.S. yields rise before ECB meeting

 Dollar gains as U.S. yields rise before ECB meeting
  • Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

NEW YORK, Sept 7 (Reuters) – The dollar rose on Tuesday, moving further off a near-one-month low hit last week, as rising U.S. Treasury yields prompted investors to cut short dollar positions against the euro before a European Central Bank meeting this week.

Cryptocurrencies, including Bitcoin, also dropped sharply in volatile trading as several trading platforms said they experienced performance issues.

On Friday, the greenback tumbled to its lowest levels since early August after a surprisingly soft U.S. payrolls report prompted analysts to raise bets the Federal Reserve will not unwind its stimulus plans in coming months.

But the dollar has gained in the past two sessions. The greenback rose 0.33% on Tuesday to 92.42, after touching its lowest since Aug. 4 on Friday.

“It does appear that after the sell-off the dollar has maybe established a short-term base at least,” said Shaun…

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