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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.% | ||
|---|---|---|---|---|---|
|
|
|
1.0996
|
-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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