Early trade in New York: Dollar holds recent gains

The dollar held onto healthy recent gains to trade little changed on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen. The dollar has climbed steadily this week against other major currencies, riding rising US Treasury yields in contrast to declining euro rates. The US dollar index of six currency combinations touched a fresh 11-month peak of 82.364 in overnight trading but was down 0.06 percent in early New York trading.
The dollar was little changed against the Japanese yen at 103.73 yen, while the euro recovered from an 11-month low against the dollar after better-than-expected German private sector growth data. The euro, which traded in early May a hair under $1.40, was last up 0.20 percent to $1.3283.