Yen lifted, dollar undermined by U.S. yield curveball
Monday, 25 March 2019 16:42 WIB | CURRENCIES |DOLLARmata uang yen

The yen held near six-week highs against the dollar on Monday as fears of economic recession, fanned by inversion of the U.S. bond yield curve, sapped demand for higher-yield, growth reliant assets and drove investors toward "safe" destinations.

With U.S. 10-year yields now almost two basis points below three month yields ” a classic recession signal ” equities have retreated while the yen and gold prices are up. The yen traded as high as 109.70 against the greenback but eased to trade around flat by 7:40 GMT.

The euro likewise was flat against the dollar at $1.13080, undermined by Friday's dire manufacturing PMI figures and trepidation that Germany's IFO Institute could release a downbeat assessment of Europe's biggest economy at 09:00 GMT.

The currency had risen all the way to $1.14485 last week after the Fed meeting.

Source : Reuters

RELATED NEWS

Dollar Edges Lower Amid Mixed Messages on Trade
Thursday, 5 December 2019 15:21 WIB

The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end their protracted trade war. Trump said on Wednesday that trade talks with China were going "very we...

AUD/JPY Drops to 74.35 After Aussie Data Dump
Thursday, 5 December 2019 08:45 WIB

AUD/JPY plummets to 74.36 amid the Asian session on Thursday. The pair reacts to the downbeat Retail Sales and Trade Balance numbers from Australia. Australia™s October month Trade Balance slipped below 6,100M forecast to 4,502M while Retail Sales lagged behind 0.3% market consensus to 0.0%. This...

Yen Extends Gain as China Threatens to Retaliate U.S. House Bill
Wednesday, 4 December 2019 15:18 WIB

The yen advances and the Bloomberg Dollar Spot Index snaps a three-day decline as trade concerns see havens bid and high-beta currencies under modest pressure. The greenback advances versus most of its Group-of-10 peers, except yen and Swiss franc. USD/JPY slips 0.2% to 108.44, down a fifth d...

US Dollar Index Met Support Around 97.60 Ahead of Key Data
Wednesday, 4 December 2019 13:46 WIB

The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is trading with marginals gains near the 97.80 region. The bearish move in the index met decent contention in the 97.60 region on Tuesday, where sits the critical 200-day SMA. The noticeable correction lower in ...

AUD/JPY Drops to 74.30 as Aussie Q3 GDP Slips Beneath Forecast on QoQ
Wednesday, 4 December 2019 08:13 WIB

AUD/JPY declines to 74.30 Wednesday™s Asian session as Australia™s Q3 GDP lagged behind consensus on QoQ. Australia™s third-quarter (Q3) Gross Domestic Product (GDP) slipped to 0.4% on QoQ versus expectations of no change at 0.5%. Though, the yearly figure matched upbeat expectations of 1.7% ...

ANOTHER NEWS
Hong Kong stocks end with healthy gains (Review)
Friday, 6 December 2019 04:31 WIB Hong Kong stocks rose Thursday as trade hopes returned following a report saying US and Chinese officials were closing in on a mini deal. The Hang Seng index added 0.59 percent, or 154.48 points, to 26,217.04. The benchmark Shanghai Composite...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.