Comprehensive up-to-date news coverage

HomeNewsBusinessDollar hits six-day high as US yields rise; just holding steady

Dollar hits six-day high as US yields rise; just holding steady

Published on

Follow us on Google News for latest updates and information.

News Tech: The dollar hit a six-day high in early trading on Tuesday after U.S. Treasury yields surged, but the yen stabilized and the currency traded against the dollar after the Bank of Japan said it would stick to ultra-accommodative monetary policy. fell against The US Federal Reserve Board will meet next week. A rate hike is expected in March for the first time since the coronavirus pandemic began, with investors pricing in a total of four hikes in 2022.

German investor sentiment hits a six-month high in January as COVID-19 rates are expected to drop by early summer, Europe’s largest economy grows again, according to a ZEW survey was found to accelerate. As oil prices hit their seven-year high and global stock markets plummeted, Germany’s benchmark 10-year bond yield approached 0%, but not above 0%. There was not. “We expect the reconsideration of U.S. interest rates, and this recent rise in yields, to reflect not only an initial acceleration in the pace of rate hikes but also an increase in terminal implied rates.

U.S. Treasury yields surged, with 2-year yields (which track short-term interest rate expectations) surpassing 1% for the first time since February 2020 as investors brace for the Fed’s potential to be more hawkish than expected. Exceeded. US 10-year yields also hit a two-year high. The dollar rose against a basket of currencies, hitting a six-day high of 95.454 during Asian trading. At 95.385 by 1232 GMT, he was up 0.2% for the day. EURUSD fell 0.1% to $1.1388.

Investor Kit Jukes said in a note to clients that a global economic recovery would dominate the second half of the year. Yen weaker Yen weakened after the Bank of Japan announced it would maintain ultra-accommodative monetary policy despite international financial institutions moving out of crisis mode. As of 1237 GMT, the dollar was flat against the yen at 114.6, with the pair rising to 115.06 overnight. “We continue to expect the BOJ to maintain its current policy framework at least until Kuroda’s term ends in April next year,” MUFG FX analyst Lee Hardman said in a note to clients.

See also  Money is irrelevant! Take it from the multi-billionaire CEO of Google

Latest articles

Florida businesses devastated by the storm are working hard to rebuild

News Tech: Hurricane Ian seems to have spared Walt Disney World and other...

Astronaut Yoga in Space is taking the internet by storm

In Science and Space: “On Earth, there is gravity that makes poses work....

Open Registry Editor in Windows 11

Hello everyone, in this article we will show you how Open Registry Editor in...

Premier overcomes and successfully rewards

News Tech: Premier Investments, the owner of the Smiggle and Peter Alexander brands,...

More like this

Florida businesses devastated by the storm are working hard to rebuild

News Tech: Hurricane Ian seems to have spared Walt Disney World and other...

Astronaut Yoga in Space is taking the internet by storm

In Science and Space: “On Earth, there is gravity that makes poses work....

Open Registry Editor in Windows 11

Hello everyone, in this article we will show you how Open Registry Editor in...

Premier overcomes and successfully rewards

News Tech: Premier Investments, the owner of the Smiggle and Peter Alexander brands,...

Cryptocurrency creator Do Kwon is on red alert from Interpol

News Tech: The Seoul Southern District Prosecutors’ Office announced on Monday that Interpol...

Take notes and create to-do list on WhatsApp

In this article, we'll show you how Take notes and create a to-do list...