US dollar index sticks to 13-month low

US dollar index sticks to 13-month low

On Monday, the evergreen buck struggled near a 13-month minimum versus a basket of key counterparts because American political turmoil dampened expectations for quick passage of Donald Trump's stimulus as well as tax reform agendas and the common currency extended revenues.

On Friday, the Trump administration, currently dogged by investigations into hypothetical Russian meddling in the American election, took a fresh hit after White House spokesman Sean Spicer shelved himself. That’s a hint at a sort of upheaval in the president's inner circle.

The US dollar index tracking the evergreen buck versus six major rivals, was nearly intact keeping to 93.887, having touched 93.823, its lowest outcome since June 2016.

On Friday, the benchmark 10-year American Treasury note yield reached a three-week minimum because a retreat on Wall Street drove safe-haven demand for debt.

The common currency stood still at $1.1668 having soared to a 23-month peak of $1.1684.

The evergreen buck slumped 0.15% reaching 110.970 yen, with the yen at its strongest value in five weeks.

Similar

Euro goes down in Asia as Germany coalition negotiations fail

On Monday, the common currency dived in Asia because German Chancellor Angela Merkel told that she would meet the German president for the purpose of informing him that she hadn’t managed to form a coalition government with the Greens as well as the…

Greenback goes down on tax jitters

On Friday, the evergreen buck modestly dived versus other key currencies, as everlasting uncertainty over the fate of a key American tax reform plan as well as worries over an investigation into Trump's presidential campaign put pressure…

Popular

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