Dollar strengthens on hopes for U.S.-China trade deal

By Richard Leong

NEW YORK (Reuters) - The dollar rose against a basket of major currencies on Monday on traders' bets that China and the United States are moving closer to a trade deal that would end sparring between the world's two biggest economies.

The greenback gained for a fourth straight day, bolstered by the rise in U.S. bond yields with benchmark 10-year yields hitting one-month peaks last week.

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