The dollar began a week full of big economic data on a firm footing, with investors wary of the Federal Reserve beginning its exit from super-supportive policy even as cases of the coronavirus surge.
The greenback closed out its best week in three weeks on Friday, gaining about 0.6% on the euro as it benefited both from safety flows and the policy outlook lifting yields on U.S. Treasuries.
"A couple of dynamics favour the dollar," said Rodrigo Catril, senior currency strategist at National Australia Bank in Sydney, particularly risk aversion as even vaccinated countries such as Singapore and Britain log surges in COVID-19 cases. Ten-year Treasuries were sold for a third straight week last week - the longest streak since yields lurched higher in February and March - lifting the 10-year yield to 1.3462%.
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