Dollar jumps to 2-week high as US Treasury yields rebound

2021-05-04 12:18:17 GMT (Economies.com)
Dollar jumps to 2-week high as US Treasury yields rebound

The US dollar rose against a basket of major currencies on Thursday, to resume recover from its 2-month low, thanks to investors' risk aversion and a rebound in the US 10-year Treasury bonds.

 

The dollar index rose more than 0.4% to the highest since April 22 at 91.39 points, after opening at 91.00 points, and hit a low of 90.98 points.

 

The US dollar fell 0.4% yesterday, after weak data about the US manufacturing sector.

 

Federal Reserve Bank of New York President John Williams said that the US economic recovery is not sufficient for the central bank to pull back on its aggressive monetary policy support.

 

The 10-year US treasury yields rose more than 1% today, and rebounded from a 1-week low.

 
 
 
  Symbol Last Change Chg.%
1.2091
-0.0082
0.6773%
1.4036
-0.0100
0.7071%
Tadawul
10322.68
86.96
0.85%
26.918
-0.886
3.188%
64.250
-1.142
1.746%
67.87
-1.44
2.08%
1818.025
-26.200
1.421%
 
 
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