US dollar index stands still as markets wait for Fed

US dollar index stands still as markets wait for Fed

On Tuesday, the evergreen buck stood above a recent three-year minimum versus a basket of key currencies, with market participants shifting their attention to Donald Trump's State of the Union speech as well as a Fed policy gathering for catalysts.

The evergreen buck went up 0.1% versus a basket of six crucial currencies hitting 89.430, having soared from a minimum of 88.43 reached the previous week, which is its weakest result since December 2014.

Market experts told that a renewed ascend in American bond revenues this week underpinned the evergreen buck. The US 10-year Treasury profits hit a maximum of 2.733% in Asia trade on Tuesday, which is the highest outcome since April 2014.

The common currency went down 0.1% being worth $1.2373, drifting away from a three-year maximum of $1.2538 demonstrated the previous week.

Against the Japanese yen, the US currency went down 0.2% hitting 108.78 yen.

 

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