Dollar holds with stock and bond markets in focus

2021-02-24 20:02:35 GMT (Economies.com)
Dollar holds with stock and bond markets in focus

The US dollar held against its peers on Wednesday, as investors focused on the stock and bond markets movements.

 

US Federal Reserve Chairman Jerome Powell stressed during his semi-annual testimony before the Senate Banking Committee that employment and inflation rates are still far from the Fed's goals.

 

Powell had stressed before that the US economy's recovery had moderated and employment slowed during the past few months, but expressed optimism about a return to recovery in tandem with vaccination.

 

Investors continued to focus on the US Treasury yield movement, as it rose today and put pressure on stock markets.

 

The dollar index held against a basket of major currencies at 90.1 points as of 19:28 GMT, after hitting a high of 90.4 points and a low of 89.9 points.

 
 
 
  Symbol Last Change Chg.%
1.2050
0.0024
0.1992%
1.3886
-0.0067
0.4827%
Tadawul
10127.90
18.31
0.18%
26.067
0.275
1.066%
61.990
-1.188
1.880%
65.88
0.49
0.75%
1782.865
11.415
0.644%
 
 
Live Forex Updates