PT Solid Gold Berjangka | US Yields Lift Dollar and Leave Yen Languishing
DOLLAR Currency Yen Euro PT SGB Solid Group SG Berjangka Solid Gold Berjangka
Solid Gold Berjangka | The dollar was buoyed by rising U.S. yields, and the blowtorch was low-yielding currencies such as the Chinese yuan and the Japanese yen, which were fixed at their lowest since 1986.
The benchmark 10-year bond yield rose nearly 14 basis points to 4.479 percent.Analysts say Donald Trump has moved on to expectations that he will be elected president of the United States and raise tariffs and government borrowing.
As the dollar rose, the euro handed over some of its small rallies as the first round of French elections turned out more or less in line with the vote. The single currency last bought bought1.0735.
The yen sank to月曜日161.72 on Monday, its weakest in nearly 38 years, and the downward slide widened mainly by a larger U.S.-Japan interest rate gap.
The yen was trading atア161.55 in Asia on Tuesday, with the cross trading higher as the yen bears were wary that the dollar/yen pair was in danger of intervention by Japanese authorities.
Against the euro, the yen touched a lifetime low of 173.67 on Monday and was close to that level on Tuesday.
The Australian dollar hovered at h0.6650 within its recent range, with traders focused on central bank minutes to determine how policymakers are seriously considering raising interest rates.
Source: Reuters