The dollar stabilizes after hitting a 20-year high against the yen

On Tuesday, the dollar rose to a 20-year high against the Japanese yen, and touched a two-year peak against the euro, boosted by rising US Treasury yields.

The dollar index, which measures the performance of the US currency against six other currencies, rose to exceed 101 for the first time in more than two years. It fell 0.07 percent to 100.74, and by 0825 GMT it was down 0.1.

The dollar’s gains against the yen were the most noticeable, as it rose to the highest level at 128.32 yen against the Japanese currency since May 2002. It was in the last trading, up 1.3 percent at 128.24 yen.

The euro regained some strength, as it rose 0.25 percent against the dollar at 1.08095 dollars, but it is still not far from its lowest level in two years, which was recorded last week at 1.0756 dollars.

The dollar rose to 0.9466 Swiss francs, the highest level in a year.

The British pound hit $1.3026, close to a 17-month low against the dollar at $1.2973 hit last week.

The Australian dollar rose 0.56 percent after hitting its lowest level in a month on Monday, to record $0.739.

Bitcoin was traded around the $40,800 level, after hitting a one-month low of $38,547 on Monday.