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June 04, 2015 at 07:18 AM
(Bloomberg) — The dollar rose, snapping its worst two days since March, as a global bond rout stalled.
The greenback gained against most of its major peers as Treasury yields declined from eight-month highs and German yields also fell.
The U.S. currency shrugged off comments from the International Monetary Fund that the U.S. should delay raising interest rates until 2016 while jobs data due Friday may support Federal Reserve plans to increase borrowing costs this year.
“It seems the market is pretty optimistic” on payrolls, said Matt Derr, a foreign-exchange strategist at Credit Suisse Group AG in New York.
