Dollar Rises to Two-Month High Against Euro as Treasuries Draw Investors

(Bloomberg) -- The dollar surged to a more than two-
month high versus the euro and rose against the yen as benchmark
Treasury yields attracted international investors, boosting the
U.S. currency's appeal.

The dollar also strengthened against the British pound and
Swiss franc as the yield of the 10-year U.S. note rose as high
as 5.25 percent. A government report showing the U.S. trade
deficit narrowed in April added to evidence that the world's
largest economy is gaining strength.


Read more at Bloomberg Currencies News