Dollar falls as US bond yields drop again

2019-08-20 19:02:23 GMT (Economies.com)
Dollar falls as US bond yields drop again

US dollar fell against a basket of major currencies today as the US treasuries bond yields fell again, which has renewed market's fears of a near recession.

 

The US bonds yields curve inverted last week, markets interpreted it as a sign on a near possible recession.

 

The US Federal Reserve meeting minutes will be released tomorrow, as the meeting was held in July and resulted in a rate decision for the first time since 2008.

 

Yesterday, President Trump called on the US Fed to cut rates at least by 1% and the possibility of preparing a quantitative easing program and described the Federal Reserve as having no vision.

 

By 18:34 GMT, dollar index fell by 0.2% to 98.03 points, with an intraday high of 98.3 and a low of 97.9.

 
 
 
  Symbol Last Change Chg.%
1.0996
-0.0039
0.3534%
1.3005
-0.0077
0.5920%
Tadawul
8185.51
19.43
0.24%
17.492
-0.612
3.381%
53.359
-0.913
1.683%
59.97
0.45
0.76%
1570.690
0.060
0.004%
 
 
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