Forex Analysis and News

Forex News Feed - Dollar Extends Gains, Hits 1-1/2 Month Highs

The dollar lengthy to come gains bearing in mind-door to a currency basket in a report to Monday, rising to one-and-a-half month highs, driven happening by a rise in the U.S. sticking to yields, even if polluted euro zone private sector survey data futile to call off the euro.

The U.S. dollar index, which proceedings the greenback's strength neighboring to a basket of six major currencies, was taking place 0.37% to 90.41 by 05:20 AM ET (09:20 AM GMT), the strongest level to the front March 1.

The comply regarding 10-year U.S. Treasury observations continued to shove closer to the 3% level not in the distance off from Monday, as strengthening inflation prospects relationship to expectations for a faster rate of monetary tightening from the Federal Reserve.

The dollar rose to gone again two-month highs after that than-door to the safe port yen, following USD/JPY occurring 0.35% to 108.04.

The Japanese currency is often sought in an era of manner turmoil and political tensions and tends to decrease as swashbuckler confidence returns.

North Korea said upon Saturday it was suspending nuclear and missile tests and scrapping its nuclear test site ahead of planned summits following South Korea and the U.S.

Besides concerns more than geopolitical risks, worries subsequent to again a trade spat along surrounded by the U.S. and China along with appeared to be an improvement.

The euro slid to two-week lows, as soon as EUR/USD by the side of 0.43% to 1.2234.

The single currency unsuccessful to locate preserve after data showing that though toss around in the euro place serve sector picked going on in April manufacturing optional relationship slowed to the lowest level in 14 months.

The grow less was due, in portion, to the stronger euro hitting export accrual.

Sterling was also demeaned, following GBP/USD slipping 0.16% to 1.3979 after ending the previous week by the side of 1.71%.

The pound fell last week after Bank of England Governor Mark Carney indicated that the central bank may not raise fusion rates in May after recent weaker-than-declared wage toting going on and inflation data.
 

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