USD down on sliding yields of US Treasuries

Posted 30 January, 2018

The US dollar has started losing grounds vs the majors today. The yields of US Treasuries are no longer at the peak, the euro recovers on positive economic data in the euro-area.  

The US Dollar index dropped to some 88.84, coming closer to the bottom of 88.25 observed last week. The American currency has fallen back under pressure just after the yields of the US state bonds slipped from the Monday top level. The previous upturn in the yields is explained by expectations that central banks can start closing financial stimulus programmes worldwide.

Insiders choose to be careful ahead of US President's State of Union message and Federal Reserve meeting.

As it was reported, insiders are awaiting Trump's speech expecting Donald Trump to make some statements regarding the currency and his infrastructure plans. Speaking about the Federal Reserve meeting, analysts do not expect any revision of the US monetary policy, though it will be marked with the change in leadership.

The euro posted gains vs the US dollar reaching 1.2427. Moreover, the greenback lost some positions against the Japanese yen – 108.56; the sterling slightly improved with GBP-USD at 1.4124.  

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31 January, 2018 11:46

← US dollar remains depressed on coming Federal Reserve meeting results

US dollar remains depressed on Wednesday losing grounds vs the majors ahead of the Federal Reserve monetary decision. The US Dollar index dropped to 88.81 today morning (last-week bottom – 88.25). The  American currency keeps weakening against other main currencies – by now the index has lost 3.0% in total over the past month.

US dollar remains depressed on coming Federal Reserve meeting results

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30 January, 2018 14:59

Euro peaks on strong economic performance in euro-area →

The euro rate has touched the session's ceiling today boosted by the release of the highest pace of quarterly economic growth in Europe since the financial crisis. The euro-to-US dollar exchange rate rose to 1.2425 which is close to the 3-year high at 1.2537 detected last week. According to the Eurostat data, the euro-area economy keeps rebounding.

Euro peaks on strong economic performance in euro-area
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