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Currencies: Pound surges on customs union report; dollar hovers at 2018 highs

The British pound climbed against the dollar Thursday after a report the U.K. government plans to stay in the customs union beyond 2021, while the greenback slightly ease against major rivals but still hovered at highs for 2018.

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What are currencies doing?

The ICE U.S. Dollar Index DXY, +0.15% was down 0.2% at 93.191, holding around its highest levels of the year, but off Wednesday’s print of 93.391. The index has been on an almost relentless gallop higher since mid-April, even though it’s had a few stumbles recently.

The dollar’s gain has come in part on the back of rising Treasury yields.

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