Dollar Faded As Stimulus Package Approval Will Take Time
On Tuesday, the dollar dropped on the foreign exchange market, with the dollar index (representing its growth versus 6 benchmark currencies) falling 0.26 percent to 90.16 points. At $1.2165, the euro returned 0.23 percent. The yield on the 10-year T-Bond rose 1 basis point to 1.03 percent on the U.S. bond markets. As of March […]
Dollar Moving Smartly After Yellen’s Reaffirmation
The dollar is stable after the reaffirmation by Janet Yellen, the current Secretary of the Treasury, of the policy of government non-intervention in the foreign exchange market. Thus, on Wednesday, the dollar index (reflecting its evolution toward 6 benchmark currencies) stood at 90.47 points (-0.03%) against this basket of currencies, while the euro took up […]
Dollar Gained Amid Hopes of Better Health And Economy
Markets in hopes of betterments in health and financial situations under new U.S. administration have now been looking for a strong dollar. And that is already making grounds as, on Monday, the turnaround in the dollar index accelerated, rising 0.45% to 90.52 points. The single European currency lost ground against the U.S. currency gave up […]