Greenback is at 3-week peaks

Greenback is at 3-week peaks

On Monday, the greenback started the week at three-week peaks against a currency basket, after a major Fed reinforced the major bank's commitment to keep lifting interest rates.

The dollar index, usually tracking the greenback against six key counterparts, gained 0.1%, hitting 101.230, having ascended as high as 101.340, hitting its highest values since March 15.

New York Fed President William Dudley revealed that the Fed might avoid lifting interest rates at the same time that it starts shrinking its $4.5 trillion bond portfolio, thus prompting just a little pause in the major bank's rate lift plans.

His comments spurred US Treasury yields that added to the greenback’s appeal. By the way, the benchmark 10-year yield that wallowed at its lowest values since November on Friday, last traded at 2.385% in Asia, soaring from its American close of 2.373%.

The US dollar gained 0.3%, hitting 111.40 yen.

Financial markets were also monitoring developments in the Syrian civil war, reacting to the previous week's American missile strike on an air base in Syria, which had provided the perceived safe-haven Japanese currency with a boost.

 

Similar

Latest news

Greenback edges down

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera