Slacker US state bonds push US dollar down on Monday

Posted 08 April, 2019

The US dollar has stated this week with a weakening driven by a further decline in the yield of the US state-bonds on the labour market report. 

According to the non-farm payroll data released last Friday, the number of new jobs in the USA increased by 196,000 in March. At the same time, the market forecast that the rate will be some 180,000.

The key factor that affected the greenback is that average hourly earnings added just 0.1% over the period under review (0.4% up in February) despite a higher number of new jobs in the market.  

Besides, the yield of US 10Y state bonds dropped to 2.49%, after hitting a 2-week peak at 2.54% last week. On Monday, the US Dollar index decreased to some 96.868 and thus trimmed the Friday gains.

The euro-to-US dollar exchange rate improved to some $1.1235 offsetting slight decline observed last Friday.

The pound sterling has also posted stronger positions today. The rate reached $1.3059. Last Friday, the pair dropped to $1.2987 depressed by doubts expressed the French and Dutch officials regarding the success of the new Brexit delay attempt by Theresa May.

The US dollar posted negative dynamics in the pair with the Japanese yen too. Today, the US dollar-to-yen rate was at 111.46 (111.82 last Friday).

At the same time, the Australian dollar decreased vs its American counterpart to $0.7103.

Previous story

08 April, 2019 14:39

← Coinbase rumoured to work on new infrastructure

The leading US-based cryptocurrency trading platform – Coinbase – is reportedly working on more effective infrastructure for trading orders matching. The company plans to move to the new infrastructure later this year. Specifically, some sources in the know name June as a possible month for the migration.

Coinbase rumoured to work on new infrastructure

Next story

08 April, 2019 11:20

CME Group posts 950% hike in bitcoin futures trading →

The leading exchange for derivative trading – CME Group – has posted soaring bitcoin-futures trading over the past few days, which is related to increasing asset prices. The figures reportedly hiked by 950%. Bitcoin futures trading at the platform reaching 22,542 on April 4. Transactions of cryptocurrency derivatives exceeded $563 million when bitcoin was quoted at $5,000.

CME Group posts 950% hike in bitcoin futures trading
Write a comment
Prove you’re not a bot + 15 = 21