Online Forex broker
On Wednesday, the US currency rallied and reached a maximum of seven weeks versus the group of other leading rivals due to the growth of yield of American government bonds. The yield of 10-year US bonds tacked on to a maximum since early 2014.
The US dollar index, appreciating the purchasing power of the US currency versus the trade-weighted basket of six key currencies, soared 0.31% ending up with 90.84. That’s the highest result since March 1.
The dollar's exchange rate has tacked on due to the surge in yields in American government bonds as well as the prospect of accelerating the Fed's interest rate increase in 2018.
A higher interest rate, as a rule, appears to be a support for the evergreen buck, as it makes dollar assets more attractive for profit-seeking investors. On Tuesday, the revenue of 10-year US government bonds managed to surpass 3% for the first time since 2014, which is a indication of investor confidence in the bright future of the American economy.
Published on Tuesday, data showed that the volume of construction of new homes and consumer confidence in the USA appeared to be better than analysts' estimates, which strengthened the forecasts of the stable surge of the American economy in the nearer future.
The Japanese yen headed south to a minimum against the evergreen buck for 2.5 months. The currency pair USD/JPY managed to tack on 0.38% coming up with 109.23.
On Tuesday, the evergreen buck headed south against the yen after a decline in quotations on US exchanges provoked a jump in demand for the Japanese currency. Yesterday's trading on Wall Street concluded with an abrupt dive in indices amid concerns of companies as for raising the cost of borrowed funds as a result of growing revenues of American bonds.
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
On Monday, the evergreen buck slumped to a two-and-a-half week minimum because market participants pulled back ahead of the Fed’s meeting a bit later in the week…
On Friday, key crypto assets showed mixed performance in Asia, with mild movements because the trading week drew to its end…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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.
|
