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.