Market News / Story
US dollar holds near 18-month high, euro lags as bond yields rise
channelnewsasia.com ·
The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...
Related stories
United States Dollar Index weakens further amid correction in US bond yieldsRead story summary
The US Dollar (USD) extends its decline against its major peers on Friday as United States (US) Treasury Yields correct after failing to extend the rally. In the Asian trade, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% lower to near 102.02. The DXY faced significant selling pressure on late ...
VIEW SOURCE
Euro falls, set for fifth straight weekly drop as oil prices riseRead story summary
The euro was poised for a fifth straight weekly drop on Friday, with early gains fading as oil prices erased earlier declines, but recent selling pressure was muted as France's beleaguered bond market steadied. The euro zone's currency hit a 17-month low of $1.1161 on Monday as investors worried about France's record public debt and the difficult political ...
VIEW SOURCE
FX Daily: High bar for a US dollar correctionRead story summary
The dollar lost a bit of ground yesterday as Treasuries took a breather, but we don’t see signs of a broader USD correction brewing. US President Donald Trump has said the US won’t attack Iran before the 3 November midterms, but the oil market is reluctant to price out the geopolitical premium that has kept prices above $100/bbl despite improved Gulf ...
VIEW SOURCE
Gold rises toward $4,180 as Treasury yields ease from 24-year highs and US dollar pausesRead story summary
Gold’s rebound is tied closely to the pullback in Treasury yields, leaving it exposed if the bond selloff resumes ahead of the Fed’s October meeting. With markets pricing an 82% chance of a hike by December, any strong US data or hawkish Fed commentary could quickly push yields back up and gold back toward its recent lows. Oil remains the inflation ...
VIEW SOURCE