Euro resumes gains near two-week high

2021-04-08 10:03:57 GMT (Economies.com)
Euro resumes gains near two-week high

EUR/USD rose in European trade against dollar on track to touch two-week highs as US treasury yields decline while investors buy up risky assets. 

 

EUR/USD rose 0.2% to 1.1892, after losing 0.1% yesterday, the first loss in three days on profit-taking away from two-week highs at 1.1915. 

 

The dollar index fell 0.2% on Thursday, resuming yesterday's losses and almost touching two-week lows at 92.13. 

 

The decline comes amid improving sentiment in the market as risk appetite gets revived while US treasury yields tumble. 

 

10-year US treasury yields fell over 1.2% to 1.651% on track to pierce two-week lows at 1.631, after the Fed asserted it'll keep buying up bonds for a long time. 

 

Fed's minutes of the last meeting showed policymakers are still wary of Covid 19 risks even as the economy starts recovery, with the Fed committed to easy monetary policy until total recovery is ensured. 

 
 
 
  Symbol Last Change Chg.%
1.2040
0.0014
0.1160%
1.3874
-0.0079
0.5644%
Tadawul
10127.90
18.31
0.18%
26.103
0.311
1.208%
61.950
-1.228
1.944%
65.78
0.41
0.63%
1786.025
14.575
0.823%
 
 
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