PT Solid Gold Berjangka | Dollar Holds in Range, Yield Rise Undermines Yen
USD GBP/USD EUR/USD USD/JPY, PT SGB SOLID GOLD BERJANGKA SG BERJANGKA SOLID GROUP
Solid Gold Berjangka | The dollar traded ina a narrow range Monday as traders await key data points and central bank policy decisions later this week. The yen and Swiss franc fell as corporate supply concerns weighed on Treasury prices, lifting yields.
The Bloomberg Dollar Spot Index was down less than 0.1%; the pound led currency gainers while the risk-sensitive Swedish krona lagged
Treasury 10-year yields rose three basis points to 4.21%, after falling seven basis points last week.
Federal Reserve Bank of Atlanta President Raphael Bostic said he expects the first interest-rate cut, which he has penciled in for the third quarter, will be followed by a pause to assess how the policy shift is affecting the economy.
USD/JPY rose 0.3% to 150.53.
Overnight volatility was 5% ahead of Tokyo inflation data and a speech by Bank of Japan Governor Kazuo Ueda.
GBP/USD rose 0.3% to 1.2693; traders note solid offers near 1.2700 cap.
EUR/USD climbed 0.2% to 1.0857 after large 1.0800 strikes roll off.
Leveraged offers at 1.0870-80: a Europe-based trader says.
Source : Bloomberg