A key market data improved the yield on the 10-year US Treasury bond, contributing to the rise of the dollar.
He dollar falls slightly on Thursday, as the return of the US treasury bonds, after hitting a two-week high the previous day, in a context of minors expectations of interest rate cuts on the part of the Federal Reserve.
The index that tracks the evolution of the US currency against its main peers rose to 105.18 units overnight, its highest level since May 14, but later fell 0.25%, to 104.87. The increase of 15 basis points over two days, above 4.6%, 10-year Treasury bond yield contributed to the dollar’s rise on Wednesday by increasing the attractiveness of US debt. However, Returns were down about 3 basis points on Thursday, at 4.594%.
Why US bond yields are rising
The rise in yields, which move inversely to prices, has been driven by a better-than-expected economic data serieshawkish comments from several Fed officials and a series of poorly received bond auctions.
The price of the euro, dollar and pound, today Thursday, May 30
He euro It gained 0.2% to $1.082, after falling 0.5% the day before and hitting a two-week low of $1.0789 overnight.
“People will be watching the bond market today to see if there is a further sell-off,” said Chris Turner of ING. In his view, strong demand from a Japanese government debt auction likely contributed to stabilizing global debt in the session.
The Chinese yuan, the US dollar, the euro, the pound sterling, and the Japanese yen.
The dollar fell 0.6% against the yen, to 156.71 units, after reaching a one-month high of 157.72 the previous day.
The pound sterling It improved 0.1% to $1.2714, after also falling 0.5% on Wednesday.
Source: Ambito
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