Dollar bounces after worst quarter in seven years

London

THE dollar recovered ground on Monday, hitting a six-week high against the yen as higher US government bond yields helped halt a run of losses that added up to the currency's worst quarter since 2010.

Signs of a shift towards policy tightening last week from central bank officials outside the United States drove the euro above US$1.14 to its highest in over a year, but the support of higher market interest rates continues to favour the greenback.