Forex

US dollar recovers from 2-week low as bond yields rebound

2019-03-14 13:01:08 GMT (Economies.com)

The US dollar rose on Thursday against a basket of global currencies, making its first gain in five days to bounce back from a two-week low recorded earlier in the day. this comes as risk appetite rises on the financial markets, and the bond yields rebound Of the lowest level in two months.

 

The dollar index rose today more than 0.3% to 96.79 points, the opening level of trading at 96.48 points, and the lowest level at 96.46 points.

 

Yesterday, the index lost 0.6%, the fourth consecutive daily loss, recording a two-week low of 96.32 points as the US currency continued to trade after weak economic data in the US.

 

Treasury yields (for a decade) interest rates bounce back from a two-month low as the risk appetite improves in high-yielding asset markets.

 

European stocks hit a five-month high Thursday after the British parliament rejected the country's break-up from the European Union without a deal. The Standard & Poor's 500 jumped to its highest in five months ahead of the opening of the official trading session on Wall Street.

 

Investors are currently looking for the US economy to release a reading of the unemployment claims index for the last week on March 9th, which could reflect a rise of 2K to 225K, in conjunction with the New Residential Sales index, which may reflect a slowdown in growth to 0.2% 622k from 3.7% at 621K last December.

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