top of page

Dollar near multi-week lows before fed, yen unmoved after BOJ

Writer's picture: analysiswatchanalysiswatch

The greenback hovered close to multi-week lows as opposed to main friends on Tuesday, weighed via way of means of subdued Treasury yields beforehand of the Federal Reserve’s coverage choice this week, at the same time as the yen hardly ever budged after the Bank of Japan saved its coverage on preserve.

The safe-haven dollar changed into additionally out of fashion after global shares began out the week hitting a document excessive, amid growing investor self-belief in a fast international restoration from the pandemic.


The greenback brought 0.1% to 108.18 yen, some other haven currency, persevering with its upward push from the seven-week low of 107.48 reached Friday.

The yen confirmed a muted reaction after the Bank of Japan saved its economic coverage on preserve as extensively expected.


The greenback has fallen almost 3% when you consider that overdue March as U.S. Treasury yields traded in slender stages after chickening out from a 14-month excessive of 1.7760%, slashing the currency yield appeal.


The benchmark 10-12 months Treasury yield changed into round 1.58% on Tuesday, monitoring sideways when you consider that sliding to a one-month low of 1.528% within side the center of this month.


That snapped a five-day dropping streak that took the virtual token to the cusp of $47,000, with losses accelerating amid concerns approximately U.S. President Joe Bidens plan to elevate capital profits taxes.

0 views0 comments

Comments


2b94f773-a237-4da7-a599-6b42314ed9e6.png

Risk Disclosure: AnalysisWatch will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
AnalysisWatch would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore AnalysisWatch doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

bottom of page