The euro rose ahead of a meeting of the European Central Bank to be held later on Thursday, April 22nd, as any positive comments on the economic outlook or hints of a reduction in bond purchases are expected to push the single currency up rapidly. The European Central Bank is …
Read More »Currencies Overview: Dollar Struggling to Recover From Lowest Level in 7 Weeks on US yields
The dollar weakened on Wednesday April 21, hovering just above the lowest level in seven weeks in light of the decline in US bond yields, which reduced the demand for currency returns. The US currency, which is considered a safe haven, has received some support from the decline in global …
Read More »Currencies Overview: Dollar Drops to Its Lowest Level in Nearly 7 Weeks
The dollar fell to its lowest level in nearly seven weeks during the Asian session, while the euro rose as investors grew optimistic about the pace of vaccinations in Europe, and Treasury yields continued below the high levels recorded in March. The dollar has fallen since the beginning of April, …
Read More »Currencies Overview: Dollar is Hovering Near Its Lowest Level in a Month as US Bond Yields Decline
On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary. The US …
Read More »Currencies Overview: Dollar Heading Towards Second Weekly Loss on Fed’s Stance
The dollar is heading towards its worst consecutive weekly decline since the start of the year as Treasury yields continue to decline as investors increasingly accept the Fed’s insistence on maintaining an easing policy stance for a longer period. Record 10-year Treasury yields fell to a one-month low of 1.528% …
Read More »Currencies Overview: Dollar Near Its Lowest Level in a Month
The dollar settled near its lowest level in a month on Wednesday as strong demand in a US bond auction led to a broad drop in Treasury yields and curtailed the interest rate advantage that the greenback enjoyed against other major currencies. In early trading in London, the dollar rose …
Read More »Currencies Overview: Dollar Rises From Nearly Three-week Low as Trader Brace For Inflation Data
The dollar rose from a nearly three-week low against the major rivals on Tuesday, buoyed by a surge in US Treasury bond yields, as investors awaited closely watched US inflation data, which is scheduled for release later on Tuesday. The dollar had retreated, as did US bond yields this month, …
Read More »The Dollar Falling Due to Falling US Bond Yields and Focus on Inflation Data
The dollar fell to near its lowest level in two and a half weeks against the major counterpart currencies on Monday, April 12th, as a decline in US Treasury yields pressed the currency. The British pound fell, heading towards its lowest level in two months, and continued its retreat from …
Read More »Weekly Recap: 5-9 April
Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …
Read More »Currencies Overview: Dollar Rebound Losing Momentum, Concerns about AstraZeneca Weighing on The Pound
The dollar advanced slightly on Friday, April 9th, but it is heading towards recording its weakest weekly performance in the year as strong data in Europe stimulated, sudden weakness in US job numbers and the Reserve Board’s insistence on following an accommodative policy for investors to reduce their bets on …
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