US dollar improves on US state-bonds recovery

Posted 15 May, 2018

US dollar has posted some gains on Tuesday after hitting the bottom a day before. The increase is related to softer trade tensions in the international market, which pushed state-bonds yield above 3% again.

The US Dollar index rose to some 92.62 after touching the bottom at  92.11 since the start of May.

The US dollar benefited from the recovery of US state-bonds yield, which regains position above 3% again, staying at 3.025%. In case of exceeding 3.035%, the yield will post the biggest level since early 2014. 

The situation with state bonds improved on cooling of trade tensions between White House and Beijing, which became possible after Donald Trump expressed intentions to assist in China's ZTE business restart.
A month ago, White House reportedly banned US companies from sales of software and electronic parts to China's ZTE. As a result, the company almost fully suspended business.
The greenback peaked last week, but then slumped on weak inflation data in the USA, which made investors less sure of earlier interest rate revision.
For now, the market waits for the release of retail sales report to clarify the state of the US economy.

The European currency decreased against the US dollar to 1.1921. The sterling changed hands at 1.3546 on upcoming inflation report in the UK. 
The US dollar-to-yen exchange rate increased to 109.93. 

The Australian dollar dropped vs the American counterpart reaching 0.7514, while New Zealand currency was recorded at some 0.6913.

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15 May, 2018 18:01

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