© Reuters. The dollar and the yields on bonds are advancing this Friday
Investing.com – The dollar is advancing this Friday, the yield on us Treasury bonds have reached the heights of February, while the interest rate expectations, alleviate concerns related to the commercial war.
The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, was up 0.27% to 89,88 at 5: 13 am in the morning (9h13 GMT).
Yields on u.s. bonds are advancing on Friday, the us t-bill 2-year reached its highest level since September 2008, to 2,437. The yield of the bung cash to 10 years amounted to 2.916.
Prices fall as bond yields rise. The surge in yields on us Treasury bonds in February resulted in a sharp decline in equity markets, the investors rushing to the dollar in anticipation that the inflation could lead to an increase of interest rate hikes from the federal Reserve.
The commercial policy of the american president Donald Trump has weighed on the dollar in recent months. The ambassador of China to the United States, has announced that if the White House continued to launch a trade war, China would respond.
The dollar gained ground against the yen, with USD / JPY up 0.23% at 107,60. In times of uncertainty, investors tend to invest in the japanese yen, which is considered an active course during periods of risk aversion.
The pound declined after the comments that accommodative to the governor of the Bank of England, Mark Carney, as investors are not sure of a rate hike in may. The GBP / USD fell 0.25% to 1,4052.
The euro is in decline, with the EUR / USD down 0.30% to 1,2308 because investors fear that the euro zone economy will rebound and that the european central Bank can be expected to tighten its monetary policy.
Elsewhere, the australian dollar declined, with the AUD / USD down 0.44% to 0,7694 while the NZD / USD was down 0.69 per cent 0,7221.