* Bitcoin up 4%<\/p>\n
* U.S. Treasuries stabilise<\/p>\n
* Australian dollar, kiwi dollar bounce<\/p>\n
* Sterling rises on bets of vaccine-led economic rebound<\/p>\n
* Graphic: World FX rates tmsnrt.rs\/2RBWI5E (Adds comments, updates prices)<\/p>\n
LONDON, March 1 (Reuters) – The Australian dollar and other riskier currencies rebounded against the U.S. dollar on Monday as U.S. Treasuries recovered from last week\u2019s losses.<\/p>\n
The benchmark 10-year U.S. bond traded at 1.4153% , well off Thursday\u2019s one-year high of 1.614%.<\/p>\n
\u201cThe bond market and risk assets are showing signs of stabilisation after the big sell-off last week\u201d, ING analysts commented, expecting that \u201cthe dollar\u2019s corrective rally should pause for breath\u201d.<\/p>\n
Equities and commodities sold off last week as the debt rout unsettled investors and lifted demand for safe-haven currencies, including the U.S. dollar.<\/p>\n
Early today, the risk-friendly Australian dollar jumped 0.5% to $0.7743 following a 2.1% plunge on Friday.<\/p>\n
The Reserve Bank of Australia will hold its monthly policy meeting on Tuesday, and markets expect it to reinforce its forward guidance for three more years of near-zero rates.<\/p>\n
The New Zealand dollar strengthened 0.46% to $0.7259, recovering some of Friday\u2019s 1.9% slide.<\/p>\n
The dollar index rose 0.26% to 91.02 after posting its biggest surge since June on Friday.<\/p>\n
The euro fell 0.12% to $1.2056, after dropping 0.9% at the end of last week, the most since April.<\/p>\n
Pressure has been growing on the European Central Bank to act against rising yields in the euro zone. Traders will focus on a speech later this afternoon by President Christine Lagarde.<\/p>\n
\u201cThere is little doubt in my mind that central banks will eventually lean quite hard against a sustained rise in yields. They simply can\u2019t afford to see it happen with debt so high\u201d, Deutsche Bank strategist Jim Reid told his clients in a morning note.<\/p>\n
The British pound drew additional support from bets on a faster vaccine-led economic recovery. Resurgent risk appetite pushed the safe-haven Japanese yen to a six-month low versus the dollar.<\/p>\n
Sterling rose 0.17% to $1.3945.<\/p>\n
Against the yen, the dollar hit a six-month high of 106.70.<\/p>\n
In cryptocurrency markets, bitcoin rose 4% to $47,069 but was still off a record high of $58,354.14 hit on Feb. 21.<\/p>\n