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The Dollar on Front Foot, Hits Five-Month High

Xtream Forex (xtreamforextradi)
Feb 17 at 13:53
1 Posts
The Dollar’s sudden transition against low-yielding currencies headed to its strongest position on Wednesday.
Inflation Talks leads U.S. bonds to climb.
 

The dollar climbed a five-month high against the Yen because of the expectation of further economic recovery as U.S. bond yields bounce, additionally, investors’ hopes on speeding up in inflation. The Yen was delicate against U.S yields, act most with U.S. currency jumping to as high as 106.225 yen, highest since September.

The Dollar Index Jumped to 90.665 against six other major currencies.

The U.S. Bond yields uplift the dollar, rising to as high as 1.333% from 1.20% to last week.

U.S. President taking support for citizens in regards to the $1.9 trillion coronavirus stimulus package.

The euro slipped slightly to $1.2085.

The New York Federal Reserve’s Empire State manufacturing report released on Tuesday, mentioned a cheerful mood of economic leading to rise in its Prices paid index could made the inflation a worrisome situation.

The sterling held steady at $1.3895 reached its highest level since April 2018 on Tuesday. The Pound Traded at its highest level since early May.

The AUD slightly down at 0.7750, however still not much far from Tuesday’s one month high of $0.7805.

The Chinese Yuan inched down to 6.4359 per dollar after hitting a 2-1/2-year high of 6.4010 earlier in the week.

LeviSievwright5
Feb 17 at 14:55
298 Posts
I gathered information from this comment that I did not know. Thank you for sharing this important information.

SofieAndreasen
Feb 18 at 17:46
689 Posts
xtreamforextradi posted:
The Dollar’s sudden transition against low-yielding currencies headed to its strongest position on Wednesday.
Inflation Talks leads U.S. bonds to climb.
 

The dollar climbed a five-month high against the Yen because of the expectation of further economic recovery as U.S. bond yields bounce, additionally, investors’ hopes on speeding up in inflation. The Yen was delicate against U.S yields, act most with U.S. currency jumping to as high as 106.225 yen, highest since September.

The Dollar Index Jumped to 90.665 against six other major currencies.

The U.S. Bond yields uplift the dollar, rising to as high as 1.333% from 1.20% to last week.

U.S. President taking support for citizens in regards to the $1.9 trillion coronavirus stimulus package.

The euro slipped slightly to $1.2085.

The New York Federal Reserve’s Empire State manufacturing report released on Tuesday, mentioned a cheerful mood of economic leading to rise in its Prices paid index could made the inflation a worrisome situation.

The sterling held steady at $1.3895 reached its highest level since April 2018 on Tuesday. The Pound Traded at its highest level since early May.

The AUD slightly down at 0.7750, however still not much far from Tuesday’s one month high of $0.7805.

The Chinese Yuan inched down to 6.4359 per dollar after hitting a 2-1/2-year high of 6.4010 earlier in the week.

If you can also share market information about crypto it would be great.

Joz8
Feb 19 at 07:17
102 Posts
Yes I read about that move in market news. What future are you expecting from Dollar?

LyudmilLukanov
Jun 27 at 17:05
670 Posts
The dollar advanced on Friday on the back of higher US PCE inflation, its highest reading in almost three decades.

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