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Dollar stabilized against the currencies ahead of GDP data

2019-05-30 10:51 am | Resource: News | No Views : 146

Dollar stabilized against the currencies ahead of GDP data

The dollar's performance against the majors remained steady as investors assessed the impact of trade developments on global growth and expected a revised US GDP reading in the first quarter later Thursday.

The prices of precious metals, exchange rates and oil have not changed, as investors waited for news on the front of the trade war and the financial dispute between Italy and the EU. The yield on ten-year Spanish bonds today again hit a record low of 0.717% before rebounding.

German bonds fell after yields near a record low

The yield on 10-year US Treasuries stabilized near its lowest level since 2017 at 2.28%, after falling Wednesday to 2.21%. While traders mostly concluded on Thursday that European equities in the past two days were overvalued and took the indices to some extent high, putting pressure on selling sovereign bonds. The debt of the German and British governments fell as yields rose in morning trade with the shift in the US Treasury market.

The German yield for two years was moderately higher at 0.639% negative at 11:22 CET. The 10-year bond rate rose 1.5 basis points to 0.16% below zero after closing at 0.175% near a record low. The yield on 30-year bonds jumped 2.3 points to 0.483%.

Equities futures prices were little changed by 0.12% for the longest maturity. UK return for two years rose by one point to 0.651% compared to an increase of 1.7 to 0.913% to go for 10 years and 1.4 points to 1.506% in the yield on 30-year state bonds.

Dollar trading against currencies
  • The dollar index, which measures the performance of the greenback against a basket of six currencies, remained steady at 98.17 points.
  • At the same time, the euro stabilized against the dollar with no major changes at $ 1.1132.
  • Sterling traded at $ 1.2622 at 11:03 am GMT.
  • The dollar rose marginally against the yen at 109.72 yen.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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