Greenback soars as Fed leadership rumors send up American yields

Greenback soars as Fed leadership rumors send up American yields

On Tuesday, the evergreen buck ascended versus its counterparts, underpinned by a soar in Treasury yields reacting to a report that Donald Trump was appreciating a policy hawk as the next head of the major US financial institution.

Treasury yields rebounded from two-week minimum and rallied after Monday’s report that Donald Trump was generally favoring Stanford economist John Taylor, considered as more hawkish compared to current Chair Janet Yellen, to become the head of the Fed.

On Thursday, Donald Trump is expected to meet Yellen as part of his search for a fresh nominee for her position, as a source already familiar with plans for the gathering revealed.

The US dollar index tacked on 0.05% versus a basket of six key currencies hitting 93.365 having soared 0.25% overnight.

On Friday, the index had stuck to a 17-day minimum of 92.749 in the wake of dismal American inflation data.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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