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

The dollar has been reveling 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. 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 shy of the magical 20,000 barrier helped by a 1.68 percent gain in Goldman Sachs