
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
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.
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
USD/CHF and EUR/CHF rose to tactical highs. What's next?
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.