The dollar gave up the gains it made in early trading today, Friday, as Treasury yields fell close to the highest level in 14 months, while investors are absorbing the US Federal Reserve squandering expectations of any early interest rate hike.
The dollar index fell about 0.1 percent to 91.689 after rising as much as 0.2 percent in early Asian trade.
The euro won against the dollar after recording its worst daily performance in two weeks on Thursday, and the pound sterling rose 0.1 percent to $ 1.3951.
The Federal Open Market Committee pledged this week to press ahead with a strong monetary stimulus, saying that higher inflation in the near term would be temporary, in light of expectations of the strongest US economic growth in nearly 40 years.
The 10-year US benchmark yield rose to its highest level in more than a year at 1.754 percent overnight, before easing to 1.6821 percent.
The yen briefly weakened after the Bank of Japan expanded its target range for the benchmark yield in a decision in line with market expectations.
The dollar last traded 0.1 percent down to 108.760 yen, after a limited gain overnight.
The euro rose to $ 1.1935, after dropping 0.5% on Thursday.
While vaccination with the AstraZeneca vaccine is expected to resume in Germany, France and other European countries, the growth prospects for the region are suffering as Paris goes into general isolation measures for a month.
In the cryptocurrency market, Bitcoin settled at about $ 57,530, after briefly exceeding $ 60,000 again overnight.
Bitcoin rose to a record high of $ 61,781.83 on Saturday after having more than doubled since the start of the year.
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