After five consecutive weeks on the rise, the dollar falls this Monday, August 21, from two-month highs, given the improvement in risk sentiment in Europe, and with attention paid to the symposium of the Federal Reserve in jackson holewhich starts on Friday.
He dollar indexwhich compares the greenback to a basket of six major currencies, is down 0.2% at 103.18, still close to the two-month high hit on Friday at 103.68.
“Risk appetite looks much more stable than it has in recent weeks, which seems to be weighing on the dollar,” he said. Michael Browna market analyst for Trader X, noting that European stocks were improving and Wall Street futures pointed to a positive open.
“In the grand scheme of things, moves are pretty limited (…) I’m reluctant to read too much into today’s trading before jackson hole“, he added.
Dollar: investors have their attention on the Federal Reserve symposium
The president of the fed, Jerome Powellwill speak on Friday, and his comments could set the course of the yield on US treasury bondswhich have driven the advance of the dollar in recent weeks.
The return of 10-year notes gained 14 basis points last week and hit a 10-month high of 4.3%, on the verge of its highest level in 15 years.
He yuan “offshore” fell to 7.3 units per dollar, but then rose 0.2% to 7.2909. Like its Chinese counterpart, the and in it is also in the crosshairs of interventions, having fallen to levels around which the authorities intervened last year. In European markets, the Japanese currency lost 0.3%, to 145.89 units per dollar.
He euro earns 0.3%, at $1.0906; the pound sterling advances to u$s1.2756; and the Swiss franc It is trading just above the six-week low reached last week at $0.8793.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
