Dollar basks in yield allure, Nikkei touches 1-year peak

The dollar has been revelling in its rapidly widening yield premium, with the Federal Reserve set on a tightening course even as its peers in Europe and Japan act to keep their short-term rates deep in negative territory. "Dollar strength should keep pressure on G10 and Asian FX into the new year." The dollar index, which measures it against a basket of currencies, stood at 103.110 having reached 103.65 , its highest since December 2002. On Wall Street, the Dow had ended Tuesday just 25 points s