Greenback reaches one-and-half-month maximums as yields soar on improved American economic outlook

Greenback reaches one-and-half-month maximums as yields soar on improved American economic outlook

On Tuesday, the evergreen buck reached a 1-1/2-month maximum because Treasury yields grew after a strong reading for American manufacturing activity hardened expectations for US interest rates to go up by the year-end.

The US dollar index gained 0.3% versus a basket of six crucial currencies, showing 93.847 having hit 93.891, which is its highest value since August 17.

The benchmark 10-year Treasury yield tacked on to 2.348% having briefly hit a three-month maximum of 2.371% overnight.

Debt yields along with equities grew - Wall Street stocks hit record peaks after a measure of American manufacturing activity for September published on Monday demonstrated a soar to a 13-1/2-year maximum.

The common currency slumped 0.2% being worth $1.1707 having brushed $1.1702, its weakest outcome since August 17.

The evergreen buck that initially dipped to 112.660 yen, gained 0.3% showing 113.080 yen. Apparently, a jump above 113.260 would take the US currency to its highest value since mid-July.

Similar

Aussie dives, Kiwi stands still in late trade

On Monday, the Australian dollar sank versus its American rival, while the New Zealand dollar was intact because market participants were still digesting the American government shutdown…

USD/CAD goes up notwithstanding positive Canadian data

On Friday, the greenback rallied versus its Canadian rival, notwithstanding the publication of positive data from Canada as well as overall caution as for the US currency because a steep dive in crude prices affected demand for Canada's commodity-related…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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

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