Forex: The dollar is struggling to move forward with rate US slightly higher

The dollar has struggled to make progress in trade cautious on Wednesday while the concerns raised by the commercial dispute extended between the United States and China and the impact on the global economy have led to a decline in bond yields.

The dollar index against a basket of six major currencies rose slightly to 98,05 11: 00, after having dipped 0.1% during the night.

The greenback has experienced a the beginning of the week febrile, but has rebounded after yields on the Treasury, a refuge, have rebounded after hitting their lowest level for several years, after the us president, Donald Trump has sought to soothe trade tensions by providing a new round of talks with Beijing. The chinese ministry of foreign Affairs has, however, repeated on Tuesday that he had not received any phone call recent of the United States on trade.

The escalation of trade tensions between the world’s two biggest economies has shaken financial markets in recent days, after both parties have threatened to increase tariffs on their products, worth billions of dollars.

The peers of the dollar, including the yen’s refuge, have been stimulated by the decline of the yields of the Treasury long-term, which accentuated the inversion of the yield curve in the United States.

A bond yield curve is inverted when long-term yields are trading below short-term returns, and is generally considered to be the sign of an economic recession is imminent.

The yield on 10-year stood at 1,4861%, compared to a yield at 2 years 1,5220%.

The dollar was up slightly, at 105,79 yen after losing 0.35 percent the day before, but it is still on the rise compared to the over eight-month low of 104,46 reached Monday.

The euro remained stable at 1,1089 after a decline of 0.1% on Tuesday, after having managed to recover some of the losses in intra-day in the hope of avoiding early elections in Italy.

The british pound has slipped 0.7% to 1,2196. The book has reached on Tuesday to its highest level in a month, after the leader of the opposition british Jeremy Corbyn has announced that he would do everything necessary to prevent “Brexit” without an agreement.

The australian dollar was down 0.13% to 0,6743 after the alternate governor of the Reserve Bank of Australia, Guy Debelle, has stated that a weakening of the national currency supported the economy and that further decreases would be beneficial.

The australian dollar fell to 0,6677 the beginning of August, its lowest level of the decade, due to factors such as the bias of monetary easing by the RBA and the economic outlook more dark of the China, the main trading partner of Australia.

–Reuters contributed to this report

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