By Kevin Buckland
TOKYO (Reuters) – The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency.
The euro remained firm as rival French political parties joined forces to try and prevent the far-right National Rally (RN) from taking power.
Equities were broadly mixed in Asia, while crude oil edged higher following a strong rally in the previous session.
Later in the day, U.S. Federal Reserve Chair Jerome Powell will speak at an event hosted by the European Central Bank, bringing the path for U.S. monetary policy into focus in a week that will see several closely watched employment reports including Tuesday’s JOLTS job openings data, a Fed favourite.
The dollar was slightly stronger at 161.56 yen on Tuesday, keeping close to the overnight high of 161.72 yen, a…
