USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
US dollar index retreats from 5-month maximum
On Tuesday, the evergreen buck traded below the five-month maximum, taking a breather after the soar underpinned by soaring yields on US government bonds as well as easing tensions in US-China trade relations.
The US dollar index, traditionally used to gauge the dynamics of the major American currency versus a bunch of main competitors, showed 93.593, having retreated from the peak of five months - 94,058 recorded on Monday.
The retracement of the revenue on the US Treasury's ten-year bonds from seven-year maximums hit the previous week probably made traders record profits from the strengthening of the greenback, as some financial analysts pointed out.
For the last month, the evergreen buck was underpinned by the good economic statistics of the United States, as well as by the growth in the revenue of US government bonds.
The prospect of resolving a trade dispute between China and the United States also spurred the attractiveness of the greenback.
The revenue of ten-year treasury bonds has drifted away from Friday's peak for nearly seven years 3,128 percent, having dived to the level of 3,0523 percent.
Against the Japanese yen, the evergreen buck headed south by about 0.1% coming up with an outcome of 110.90 yen, having hit a four-month maximum of 111.395 yen on Monday.
In addition to this the common currency went down 0.1% being worth $1.1779, although it was higher than the minimum of $1.1717 - the lowest outcome since mid-November.
Besides this, the pressure on the common currency is applied by worries as for the political uncertainty in Italy.
Market participants are waiting for the publication of the minutes of the last meeting of the US major financial institution that will be uncovered on Wednesday and might shed light on the pace of policy tightening by the Fed.
Similar
CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
USD/MXN: optimistic on the vaccine coming?
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?
Latest news
All eyes on US retail sales
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
JPMorgan's Q1'2021 earnings beat expectations!
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Deposit with your local payment systems
