
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
On Friday, the evergreen buck edged up against the backdrop of ascending American Treasury revenues to February’s values as well as forecasts of interest rate hikes that turned out to be more important than fears of a probable trade conflict.
The US dollar index, gauging the purchasing power of the key American currency to the basket of six leading rivals, inched up by 0.27% ending up with a result of 89.88.
On Friday, the yield of US government bonds inched up again: the yield on US biennial bonds rallied to 2.437%, which is its highest value since September 2008. The yield of ten-year US government bonds leapt to 2.916%.
Treasury yields are inversely proportional to their value. The sharp increase in the yield of American government bonds in February provoked a collapse on the stock exchanges, when traders hurried to buy up the evergreen buck, expecting that inflation surge could lead to acceleration in the rate of interest rate increase.
In recent months, the US currency has been under pressure because of the trade policy of the US President Donald Trump. On Friday, the Chinese ambassador to the US told that if the White House proceeds with unleashing a trade war, then China is ready to come up with a mighty response.
The evergreen buck tacked on versus the Japanese yen. The currency pair USD/JPY went up by about 0.23% being worth 107.60. In times of political or economic instability, investors prefer investing in the Japanese yen, which is considered to be a reliable protective asset.
The UK pound fell against the backdrop of statements by the head of the Bank of England Mark Carney who openly backed a soft monetary policy. The currency pair GBP/USD headed south by 0.25% trading at 1.4052.
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.