Business & Investment

The dollar has stabilized, but Treasury yields have fallen

The dollar has stabilized, but Treasury yields have fallen

The US dollar has stabilized at a low of nearly two weeks against the baskets of other companies in the same industry.In addition, Treasury yields have fallen, despite strong signs. US economic recovery.

The dollar index fell to 92.527 in the Asian session, the lowest since March 25. After reaching a high of 93.439 for about five months, it turned soft in less than a week.

Meanwhile, the yen recovered from a year-long low of nearly 111 per dollar and temporarily fell below 110 on April 6.

The euro continued to rise from its nearly five-month low of nearly $ 1.17 to $ 1.1821.

The US currency has skyrocketed this year, along with Treasury yields, as investors bet on a faster US pandemic recovery than other advanced economies. However, the weaker dollar this week may indicate that much of the bullish outlook is currently priced.

In addition, benchmark 10-year Treasury yields resumed recession on Tuesday, falling below 1.7% early in the Asian session. Last week it was 1.776%, a level not seen since January 2020. Importantly, a strong economic outlook pushed US equities to record highs.

Australia fell to $ 0.76415 and Sterling rose to $ 1.3915.

In addition, the risk-sensitive currency, the Australian dollar, rose 0.8% at the beginning of the week and then fell slightly to $ 0.76415. As expected, the Reserve Bank of Australia left the policy intact on Tuesday. The pound sterling was pushed up to a two-and-a-half-week high of $ 1.3915 in Asia, based on a 0.6% increase in the previous session.

Bitcoin, the world’s largest cryptocurrency, traded on April 6 for about $ 58,882 and settled down a bit after a two-day increase. As we remember, Bitcoin hit a record high of $ 61,781.83 last month.

According to data from Coin Gecko and Blockfolio, the market capitalization of cryptocurrencies reached a lifetime high of $ 2 trillion in the previous session. The rally has been driven by profits from the past few months and has attracted demand from investors and individual investors.

post The dollar has stabilized, but Treasury yields have fallen First appeared Finance Brokerage..

The dollar has stabilized, but Treasury yields have fallen

https://www.financebrokerage.com/the-dollar-stabilized-while-treasury-yields-declined/ The dollar has stabilized, but Treasury yields have fallen

Back to top button