Astrazeneca Share News (AZN)

* U.S. 10-year yields jump to 13-month high
* Fed 2023 rates projections under scrutiny
* Euro may be hampered by delay in vaccine rollouts
* Rouble falls after Biden issues warning on Putin
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

(Adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON)
By Gertrude Chavez-Dreyfuss
NEW YORK, March 17 (Reuters) - The U.S. dollar was flat to slightly higher on Wednesday, with 10-year
Treasury yields hitting fresh 13-month highs ahead of the outcome of a Federal Reserve policy meeting which
could shed some light on the timing of future rate hikes and the central bank's tolerance for rising yields.
With Fed policymakers expected to forecast the fastest U.S. economic growth in decades in the wake of
COVID-19 vaccinations and $1.9 trillion in new stimulus, market participants will be focused on clues that
the central bank could start raising rates in 2023, earlier than it had said.
"The spike in U.S. yields dictated the positioning before the Fed," said Edward Moya, senior market
analyst, at online FX broker OANDA.
"The market is anticipating a much more optimistic outlook by the Fed and with that you're going to get
higher Treasury yields, and that would be supportive for the dollar," he added.
The U.S. benchmark 10-year note yield rose to a 13-month peak of 1.676% and was last up at
1.655%.
Ahead of the Fed statement later on Wednesday, eurodollar futures, which track short-term rate
expectations, have priced a 90% chance of a rate hike by December 2022, with three hikes seen in 2023.
In mid-morning trading, the dollar index was flat at 91.865.
The euro was up 0.1% at $1.1912, after declining in the past three sessions.
Hurt by a possible delay in the European Union's vaccination effort, the euro seemed set to test last
week's 3-1/2-month low of $1.1835.
Europe's medicines watchdog will release results of its investigation into incidents of bleeding, blood
clots and low platelet counts in recipients of AstraZeneca's coronavirus vaccine on Thursday
afternoon.
Europe's painful recovery from the pandemic is in sharp contrast with other economies, which seem less
dependent on monetary stimulus to pull though.
The Bank of Canada for instance is likely to reduce its bond purchases as soon as next month,
strategists say.
The rouble fell 1.3% against the greenback to 73.78 per dollar, after U.S. President Joe
Biden said Russian President Vladimir Putin would face consequences for directing efforts to swing the 2020
U.S. presidential election to Donald Trump.
Against the yen, the greenback firmed 0.2% to 109.17 yen, hovering near nine-month highs hit this
week.
The British pound was flat at $1.3896%, recovering from profit-taking after it hit a near
three-year high last month on the back of a fast vaccine roll-out.
Commodity-linked currencies including the Australian dollar, the New Zealand dollar and
the Canadian dollar traded lower against the U.S. dollar.
In the cryptocurrency market, bitcoin fell 3.4% to $54,978.00, slipping further away from a
record high of $61,781.83 hit on Saturday.

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Currency bid prices at 10:44AM (1444 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 91.8880 91.8730 +0.03% 2.119% +91.9930 +91.8180
Euro/Dollar $1.1910 $1.1903 +0.06% -2.52% +$1.1917 +$1.1887
Dollar/Yen 109.1800 109.0200 +0.14% +5.69% +109.2450 +109.0650
Euro/Yen 130.02 129.75 +0.21% +2.44% +130.0500 +129.7200
Dollar/Swiss 0.9277 0.9248 +0.32% +4.87% +0.9296 +0.9248
Sterling/Dollar $1.3892 $1.3895 +0.00% +1.71% +$1.3929 +$1.3880
Dollar/Canadian 1.2476 1.2448 +0.22% -2.03% +1.2479 +1.2434
Aussie/Dollar $0.7721 $0.7746 -0.32% +0.37% +$0.7747 +$0.7711
Euro/Swiss 1.1049 1.1007 +0.38% +2.22% +1.1061 +1.1006
Euro/Sterling 0.8572 0.8567 +0.06% -4.08% +0.8573 +0.8541
NZ $0.7169 $0.7190 -0.28% -0.15% +$0.7194 +$0.7158
Dollar/Dollar
Dollar/Norway 8.5020 8.4700 +0.16% -1.21% +8.5125 +8.4785
Euro/Norway 10.1257 10.0967 +0.29% -3.26% +10.1330 +10.0840
Dollar/Sweden 8.5070 8.4960 +0.27% +3.81% +8.5298 +8.4968
Euro/Sweden 10.1333 10.1058 +0.27% +0.56% +10.1465 +10.1140


(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Julien Ponthus and Marc Jones in London;
Editing by Giles Elgood and Andrea Ricci)