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The Dollar on Front Foot, Hits Five-Month High
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Feb 17, 2021 at 13:53
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, ri...
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