Economy News _ Baghdad
The dollar rose for a fourth consecutive day on Thursday as the increase in yields on US Treasuries encouraged investors to trim the city's hubs, although markets are cautious about continuing to climb as the greenback approaches the recent highs of trading.
The dollar jumped to a one-month high against a basket of currencies.
The dollar index is heading towards its best weekly performance since the beginning of this year, supported by hopes that the US administration of Donald Trump will make some progress in tax reform.
The dollar was up 0.24 percent against a basket of currencies.
Climbing 2.5 percent since falling to a two-and-a-half-year low of 91.35 in mid-September.
The yield on 10-year US Treasury bonds rose to 2.3590 percent, the highest level since mid-July and nearing the maximum range of trading it has been in since early May.
The dollar's rally was higher against currencies that have fallen due to domestic factors in recent days such as the Japanese yen and the euro.