Currency – The dollar slides on the closure of the government

© Reuters. The dollar is sliding on the closure of the government

The u.s. dollar slipped against the other major currencies on Friday, while the u.s. government has been pushed to a second closure from the beginning of the year after a vote on a budget deal has been delayed by the Congress.

The deadline has been exceeded by reason of the speech extended to senator Rand Paul, who is opposed to deficit spending of $ 300 billion in the bill, saying that it ” pillerait the budget “.

The leaders of the us Congress have reached an agreement two-year budget on Wednesday to increase public spending by nearly $ 300 billion.

However, losses in the greenback were limited as bond yields in the u.s. have again increased. The yield of the benchmark 10-year remained near a recent peak of four years on Friday.

The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, was down 0.08% at 90,12 by 01:50 eastern time (5: 50am GMT), down from a peak of two and a half weeks of 90,46.

The euro and the pound is progressing, with the EUR / USD rising 0.12% to 1,2262 and with GBP / USD rising 0.34% to 1,3959.

The yen declined, with USD / JPY up 0.19% to 108,95, while USD / CHF remained at 0,9368.

Moreover, the dollars of australia and new zealand remained almost unchanged, with the AUD / USD to 0,7779 and the NZD / USD to 0,7213

During this time, USD / CAD is maintained at 1.2597.

Like this post? Please share to your friends:
Leave a Reply