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Dollar falls as US bond yields drop again
2019-08-20 19:02:23 GMT
(Economies.com)
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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1012
|
-0.0063
|
0.5666%
|
|
|
|
|
1.2415
|
-0.0068
|
0.5479%
|
|
|
|
|
17.853
|
0.402
|
2.304%
|
|
|
|
|
61.990
|
7.096
|
12.928%
|
|
|
|
|
69.02
|
8.80
|
14.61%
|
|
|
|
|
1499.585
|
10.605
|
0.712%
|
|
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