India, Aug. 16 -- The U.S. dollar was higher against its most major counterparts in the European session on Friday, as the treasury yields moved off from yesterday's historic lows after strong July U.S retail sales data helped ease fears over a potential recession.
The benchmark yield on 10-year Treasury note was higher by 1.57 percent, while the rate on the 30-year Treasury bond rose 2.03 percent. Yields move inversely to bond prices.
The demand for safe-haven bonds diminished following positive comments on trade by U.S. President Trump overnight.
Trump said on Thursday that he hoped the U.S.-China trade conflict would be relatively short and hinted at a meeting in September.
Strong US retail sales helped reduce recessionary fears that...