Dollar Bounces, Poised for Steepest Rise in Three Weeks even as Growth Slows
Friday, 29 March 2019 08:43 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar was poised on Friday for its strongest gain in three weeks as investors responded positively to a bounce in U.S. Treasury yields and as some of its rivals were hit by dovish signals from their own central banks.

With many currencies on the defensive, the dollar has weathered a decline in benchmark Treasury yields to a 15-month low. Against a basket of key rival currencies, the U.S. currency was a shade higher at 97.222.

The index was on track for a more than half a percent rise this week, its best in three weeks. It has risen 1.5 percent from a near two-month low of 95.74 brushed on March 20.

The dollar held strong even as data overnight showed the U.S. economy slowed more than initially thought in the fourth quarter of last year.

Source : Reuters

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