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Dollar rises against major awaiting the conclusion of G7 summit

2019-08-26 03:04 pm | Resource: News | No Views : 37

Dollar rises against major awaiting the conclusion of G7 summit

The US dollar traded in green against major currencies in Monday's trading, as the G7 leaders kept a glimpse at the same time as gold retreated from six-year highs while Treasury bonds remained in green. Yield curve near the inversion

Renewed market risk appetite on Monday failed to convince bond investors. US government debt prices rose, sending yields down by two points, mostly at the center of the curve. The equivalent cost of borrowing in the main section, between the two- and 10-year maturities, remained close after being reversed several times last week. However, they have not yet closed a two-year measure above the Treasury's index. The reversal of the yield curve is often seen as a sign of instability and potential stagnation.

The US president has backed away from his recent escalation of the trade war with China, hinting at a possible easing of tariff measures. He claimed that the other side asked for the continuation of the bilateral talks and accepted it, but the government in Beijing has not confirmed it.

The two-year yield was 1.514% at 10:27 ET compared with the 10-year rate of 1.519%. Yields on 30-year bonds fell slightly, to 2.022%, rebounding above the 2% psychological mark. The corresponding futures rose 0.04%, 0.17% and 0.17%, respectively.

Dollar trades against currencies
  • The dollar gained 0.35% against the franc to trade at 0.9873 against the franc
  •  The dollar rose to 1.3293 levels against the Canadian dollar.
  • The dollar gained 0.62% against the yen, trading at 106.67 against the yen.
  • Against the euro, the dollar was up 0.20% at 1.1116 against the euro.
  • The dollar fell against the pound to 1.2217 against the pound.
  • The US dollar rose to 0.6348 against the New Zealand dollar.


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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