Dollar rises near 1-month high ahead of Fed Powell's statments

2021-03-04 13:15:13 GMT (Economies.com)
Dollar rises near 1-month high ahead of Fed Powell's statments

The US dollar rose on Thursday, to extend its gains for the second straight day near a 1-month high, based on strong demand and investors' risk aversion due to growing concerns over the US bond market, ahead of the Federal Reserve Chairman's statements later today.

 

The dollar index rose nearly 0.3% to the level of 91.22 points, and the opening level of trading today was at 90.98 points, and the lowest level was recorded at 90.97 points.

 

The dollar index rose 0.3% to 91.22 points, after opening at 90.98 points, and hit a low of 90.97.

 

The greenback gained 0.2% yesterday, to resume its gains, after taking a pause on profit-taking from a 1-month high of 91.39 points. 

 

Most global stock markets fell today, after a drop in Wall Street yesterday due growing concerns over the US bond market.

 

The yield of the US 10-year Treasury fell 2.5% to 1.45% today, but it remains near a 1-year high of 1.563%, which led investors to shun riskier assets, amid rising bets the US Fed would scale back monetary policy easing programs to counter the rising inflation.

 

Investors are anticipating Federal Reserve Chairman Jerome Powell's  remarks about the US economy at an online event hosted by the Wall Street Journal later today.

 
 
 
  Symbol Last Change Chg.%
1.2053
0.0027
0.2274%
1.3884
-0.0069
0.4967%
Tadawul
10127.90
18.31
0.18%
26.083
0.291
1.130%
61.912
-1.266
2.004%
65.83
0.43
0.66%
1783.745
12.295
0.694%
 
 
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