Dollar hits 2-week low with Fed minutes in focus

2021-04-07 13:00:20 GMT (Economies.com)
Dollar hits 2-week low with Fed minutes in focus

The US dollar fell on Wednesday, deepening its losses for the third straight day, and hit a 2-week low, due to improved risk appetite, amid a drop in the US Treasury bond yields, ahead of the Federal Reserve meeting minutes.

 

The dollar index fell 0.15% to the lowest level since March 23 at 92.19 points, after opening at 92.32 points, and hit a high of 92.41 points.

 

The US dollar fell 0.3% yesterday, and posted its second straight daily loss, due to improved market sentiment.

 

The US dollar fell due to strong sentiment after the US Treasury bond yields fell and US stock indices rallied to new record highs.

 

The 10-year US Treasury yield fell 1.5% today to a 2-week low of 1.683%.

 

The International Monetary Fund revealed its projections for the global GDP, which is expected to grow by 6% in 2021 from its previous forecast of 5.5%, thanks to the recovery from the Covid-19 pandemic and the lockdown restrictions.

 

At 18:00 GMT, The Federal Reserve will release minutes of the last policy meeting, at which policymakers voted to maintain current interest rates near zero and the bonds purchases program at over $120 billion.

 
 
 
  Symbol Last Change Chg.%
1.2060
0.0034
0.2790%
1.3877
-0.0076
0.5450%
Tadawul
10127.90
18.31
0.18%
26.096
0.305
1.183%
61.781
-1.397
2.211%
65.57
0.17
0.26%
1784.620
13.170
0.744%
 
 
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