Dollar deepens losses as US bond yields fall

2021-04-08 19:11:51 GMT (Economies.com)
Dollar deepens losses as US bond yields fall

The US dollar fell against most majors on Thursday, after the release of weak US data, in addition to a drop in the US Treasury bonds.

 

Data showed that the US unemployment claims rose to 744K during the past week, worse than forecasts of 684K. 

 

The International Monetary Fund raised its projections for the global GDP to grow by 6% in 2021.

 

The IMF also estimated the US economy to grow to 6.4% in 2021 based on the Federal Reserve's forecasts.

 

The 10-year US Treasury bond yield fell to 1.641% today.

 

The dollar index fell against a basket of currencies by 0.4% to 92.07 points as of 18:06 GMT, after it hit a high of 92.4 points and a low of 92.0 points.

 
 
 
  Symbol Last Change Chg.%
1.2051
0.0025
0.2054%
1.3888
-0.0065
0.4676%
Tadawul
10127.90
18.31
0.18%
26.066
0.275
1.064%
61.970
-1.208
1.912%
65.88
0.49
0.75%
1782.825
11.375
0.642%
 
 
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