Dollar Near Three-Week High as Thaw In Risk Aversion Lifts Yields
Tuesday, 20 August 2019 08:02 WIB | CURRENCIES |DOLLAR

The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds.

Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back into riskier assets, lured by hopes for stimulus in major economies such as Germany and China, which eased more recent global recession fears.

Investor focus on Tuesday will shift to the first setting of China's new lending benchmark under its recent interest rate reforms, due at 01:00 GMT.

Risk appetite in global markets has been boosted this week by the prospect of Germany ditching its balanced budget rule to boost spending and China's interest rate reform plan, which is expected to lower corporate borrowing costs.

The greenback traded little changed at 106.620 yen following three straight sessions of gains, having moved away from a seven-month low near 105.000 reached last week.

Against the Swiss franc, a currency sought in times of market turmoil and political tensions along with the yen, the dollar hovered near a two-week high of 0.9820 franc scaled overnight.

The euro was flat at $1.1081, caught near a two-week trough of $1.1066 set on Friday.

The Australian dollar dipped 0.1% to $0.6757 against the broadly higher dollar.

Source : Reuters

RELATED NEWS

Euro hits four-month high vs dollar on stimulus, recovery hopes
Wednesday, 15 July 2020 08:54 WIB

The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration to shield the economy from the pandemic. The dollar was on the defensive, particularly against other growth-leveraged currencies such as the Aust...

Dollar Falls on Rising Euro, Higher U.S. Stocks
Tuesday, 14 July 2020 23:31 WIB

The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a European Union stimulus package and as U.S. stocks gained. The U.S. dollar index, which measures the safe-haven greenback against a basket of six rival currencies, was down 0.31% to 96.265. Th...

Dollar Grinds Higher As U.S.-China Tensions And Virus Unnerve Investors
Tuesday, 14 July 2020 15:48 WIB

The U.S. dollar edged up on Tuesday as diplomatic tensions between the United States and China and rising coronavirus cases knocked investor confidence, although moves in currency markets were small in a quiet session. While stock markets fell as investors turned cautious, the safe-haven yen was li...

Dollar in narrow range as U.S.-China tensions simmer, virus cases rise
Tuesday, 14 July 2020 08:35 WIB

The dollar was hemmed into narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in risk appetite. The dollar stood at 107.35 yen on Tuesday in Asia following a 0.4% gain in the previ...

Dollar Falls as U.S. Earning Season Kicks Off
Monday, 13 July 2020 23:12 WIB

The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The index that measures the dollar against a basket of six other major currencies - which often serves ...

ANOTHER NEWS
Hong Kong stocks finish morning with losses
Wednesday, 15 July 2020 11:22 WIB Hong Kong stocks went into the break with more losses Wednesday on concerns about the city's future after Donald Trump removed its special trading status, while it also struggles with a new spike in virus cases. The Hang Seng Index fell 0.55...

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.