Greenback stands still, capped by diving long-term American yields

Greenback stands still, capped by diving long-term American yields

On Wednesday, the evergreen buck didn’t change against its peers, being capped because US Treasury yields didn’t manage to ascend notwithstanding soaring investor risk appetite in broader financial markets.

Against a basket of six crucial currencies the US dollar index was intact, keeping to 93.941.

Evidently, the US dollar index rebounded from a one-week maximum of 94.165 overnight after a leap triggered earlier this week by a dropping euro stalled because long-term US Treasury yields kept going down.

The US currency was a bit lower at 112.280 yen, having dropped overnight from a peak of 112.705.

On Tuesday, Wall Street equities edged up to record maximums, while Japan's Nikkei N225 ascended back towards 26-year highs.

Meanwhile, the euro dived against its peers in the beginning of the trading week because German Chancellor Angela Merkel's inability to form a three-way "Jamaica coalition" government heavily affected the country's political outlook.

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