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The dollar is settling against major currencies in early trading and the yuan is retreating

2018-12-06 08:18 am | Resource: News | No Views : 107



The US dollar was little changed on Thursday as the US dollar came under pressure this week amid concerns about economic growth following the reversal of the US Treasury yield curve.

US government bond prices rose on Thursday, leading to sharply lower yields and a decline in the curve, but the yield on five-year US Treasury bonds remained below the record level of two years. Following the sale of equities in Asia Pacific and the decline in European index futures, bond markets issued by the Treasury Department in Washington have been more stable.

The yield on two-year bonds fell 3.7 basis points at 8:18 CET to 2.791%. The yield on the five-year and ten-year bonds fell 1.9 points to 2.77% and 1.2 to 2.9%, respectively. The 30-year index fell 1.4 points to 3.157%. Futures futures prices grew 0.03%, 0.08%, 0.09% and 0.2%, respectively.

As Sabrina Mingwangju, a financial officer at Huawei, was arrested in Canada, fears over the loose agreement between the United States and China have returned to work to resolve the huge trade dispute and reach a comprehensive bilateral agreement.

While the yuan fell after the arrest of the chief financial officer of Huawei Technologies giant. Meanwhile, the Justice Department said Wednesday that Meng Wanzhu, Huawei's chief financial officer, was arrested in Vancouver for violations of US sanctions. It faces extradition to the United States, according to various media outlets.

Dollar trading against currencies
  • The US dollar index traded down 0.04%. At 96.970
  • The dollar rose yuan  0.32% to hit 6.8777.
  • The dollar was mixed against the euro as the dollar was trading at 1.1329
  • The dollar rose  of the yen, the dollar rose in European trading after falling against the yen in Asia to trade at 113.05
  • The Aussie dollar fell 0.6% to 0.7225.
  • GBP / USD fell 0.05% to hit 1.2727.


Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 February 2019

Time frame Used - four hours The USD/JPY is moving in a sideway direction in the near term. The USD/JPY is still facing resistance and selling pressure around levels of  111.42 - 110.92 as the USD/JPY is floating in a narrow range and the USD/JPY is moving above the Bollinger's moving average line within the narrow range, indicating a potential price explosion but Not yet determined in any direction. In…

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