On Monday, the evergreen buck fluctuated below the maximum for three and a half months versus the basket of other key currencies. The revenue of American government bonds headed south after the previous week it had surpassed 3% for the first time for four years.
The US dollar index, used to estimate the purchasing power of the US currency versus six major currencies, jumped by 0.16% ending up with 91.73. That’s the highest reading since January 11.
The previous week, the US dollar index managed to ascend 1.37% due to the surge in revenues of American government bonds as well as the prospects for accelerating the Fed's interest rate lift this year.
A higher interest rate normally appears to be a support for the evergreen buck, as it makes dollar assets more attractive for profit-seeking traders. The greenback soared after the previous week's yield of ten-year US government bonds managed to exceed the psychologically important level of 3% for the first time since 2014 – it strengthened forecasts of inflation surge.
At the time of writing, the revenue of US ten-year bonds inched down and accounted for 2.961%.
The US dollar tacked on versus the Japanese yen. The currency pair USD/JPY rallied by 0.18% hitting 109.25 after on Friday it had ascended to a maximum of two and a half months 109.52.
The volume of trading remains small because the Japanese markets are unavailable for the holiday, while most Asian exchanges are going to be closed on Tuesday.
The common currency went down. The currency pair EUR/USD edged down 0.14% trading at 1.2113, after Friday’s low for three and a half months - 1.2054.
The UK pound kept to a two-month minimum. The currency pair GBP/USD dived 0.18% being worth 109.24 after the resignation of the Home Secretary on Sunday. It heavily undermined the position of Prime Minister Theresa May in the final year of talks on Brexit terms.
On Friday, the evergreen buck rallied to a 10-day maximum after American consumer prices data disclosed a build-up of inflation pressure, which would enable the Federal Reserve to have rates lifted up to four times in 2018…
On Thursday, the US currency was generally intact versus its counterparts…
On Wednesday, the evergreen buck soared versus a currency basket, although revenues were capped after the American government told it would place duties on an extra $200 billion worth of China’s products, thus driving a trade conflict between China and…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
