Dollar Up Holds Onto Biggest Gains
FxPremiere.com FX Signals | – The dollar was up on Friday morning in Asia, holding onto the biggest gains in over two months as a rise in U.S. Treasury yields led to some unwinding of bearish bets on the U.S. currency. The market avoided big moves as investors finish the week.
Dollar Down Pound Up Over Brexit
The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.14% to 89.907 by 9:07 PM ET (2:07 AM GMT).
The benchmark 10-year Treasury yield topped 1% on Wednesday for the first time since March 2020, and the euro was at $1.22685 following a 0.5% drop seen on Thursday.
The rising yields and dollar prompted caution in some investors.
Dollar Down Over Brexit, U.S. Stimulus Risks
Dollar “positioning is stretched and the backup in U.S. yields has some investors nervous,” TD Securities analysts said in a note. Forex Signals – Dollar Down
The USD/JPY pair inched up 0.08% to 103.88, with Japan’s greater Tokyo area entering a state of emergency on Thursday.
Forex Signals – Dollar Gains as Yields Rise
The AUD/USD pair edged down 0.19% to 0.7753, with Australia’s third-largest city of Brisbane entering a three-day lockdown from later in the day. The NZD/USD pair inched down 0.06% to 0.7250.
The USD/CNY pair inched down 0.05% to 6.4726 and the GBP/USD pair inched down 0.08% to 1.3552.
FX Signals | Dollars bought as stimulus hopes
On the data front, the U.S. will release employment data, including non-farm payrolls, later in the day.
Dollar Up Holds Onto Biggest Gains
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Dollar Up Holds Onto Biggest Gains
Dollar Up Holds Onto Biggest Gains
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