Published by Mark Smith-HalvorsenThe dollar is benefitting from an increase in bond yields, helping to support the currency against its counterparts in global forex trading, research claims.Figures compiled by Bloomberg suggest that the currency is being supported against its 16 major counterparts as a result of the US bond market.Yields are higher on ten-year Treasuries than those of similar offerings from the UK, Japan and Germany, the news provider says.As a result, foreign capital may be lured towards the US, despite the quantitative easing programme recently announced by Federal Reserve chairman Ben Bernanke.US yields could be pushed even higher next year, Derek Halpenny from Bank of Tokyo-Mitsubishi told the news provider.Despite the apparent long-term strength, the currency has found few gains in this week's early trading.A monetary policy meeting in the US later today (December 14th) may offer greater support for the greenback, particularly while eurozone concerns continue to be felt.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site