The USD made some gains and managed to recover from a three-year low on Thursday. The dollar was supported as rising yields on US Treasuries prompted some investors to buy the greenback, but the markets are still cautious about expectations.<\/p>\n
US Treasury yields rose for two years to 2.06%, their highest level since 2008, while 10-year Treasury yields rose by 2.60%, their highest value since last year. This encouraged some investors to back down their expectations of the dollar’s decline, which led to the decline of the US currency more than 2% by the beginning of 2018. It should be pointed out here that in 2017, the dollar fell against the other major currencies by 10%.<\/p>\n
The Dollar Index, which measures the strength of the greenback against a range of major currencies, rose by 0.2%, reaching 90.73 points. The euro remained steady at the high of 0.1% against the dollar, trading at $1.2194, but remains below yesterday’s record high of $1.2323, EUR\/USD\u2019s highest level since December 2014. The Canadian dollar fell against the USD by 0.1%, with the pair trading at 1.2450, after the Bank of Canada raised interest rates with caution about the future of the North American Free Trade Agreement (NAFTA).<\/p>\n
The sterling pound rose above $1.39 on Wednesday, the highest since Britain’s exit from the European Union in mid-2016. The British currency recorded gains of more than 5% against the dollar over the past two months, strongly supported by Britain\u2019s success in securing a payment agreement in late December. The EU exit talks are moving forward into discussions on a transitional period and trade between the two sides after the break-up.<\/p>\n
On Thursday, the US Treasury Department announced its intention to launch a new round of bonds for a total of $78 billion. The ministry said it would issue $26 billion in bonds on Tuesday, and 5-year bonds worth a total of $34 billion on Wednesday, ending the week, with a $28 billion sale of seven-year bonds on Thursday. Last week, the Treasury sold $66 billion worth of bonds through three offerings. Three-year bonds worth $24 billion, 10-year bonds worth $20 billion and 30-year bonds worth $12 billion were sold.<\/p>\n","protected":false},"excerpt":{"rendered":"
The USD made some gains and managed to recover from a three-year low on Thursday. The dollar was supported as rising yields on US Treasuries prompted some investors to buy the greenback, but the markets […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[49],"tags":[28,27,52,50,77,51,81],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/304"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=304"}],"version-history":[{"count":2,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/304\/revisions"}],"predecessor-version":[{"id":307,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/304\/revisions\/307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/305"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}