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The dollar jumps to a 5-month high supported by US bond yields

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rocky
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The dollar jumps to a 5-month high supported by US bond yields

Post by rocky on Wed 16 May 2018, 9:10 am

The dollar jumps to a 5-month high supported by US bond yields
May 16 2018 5:06 PM

[rtl][rtl]The dollar is posting its biggest quarterly drop in almost 7 years[/rtl]
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Baghdad Post
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The dollar jumped to a five-month high on Wednesday, supported by long-term US Treasury yields.

The dollar index, which measures its strength against a basket of six major currencies, hit 93.240 after rising to 93.457 overnight, its highest since December 22. The index fell 0.03 percent from Tuesday.


The US currency has been rising since mid-April and most of its losses in 2018 were offset by a revaluation of the US monetary policy track compared to other countries.


The euro was up 0.1 percent at $ 1.1853 after touching $ 1.1815, its lowest level since late December.


The single currency appeared unaffected by a report published on Tuesday that the 5-star movement and the far right-wing party were planning to demand the ECB to drop Italian debt of 250 billion euros to 296 billion dollars. 



http://www.thebaghdadpost.com/ar/story/102674/%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%8A%D9%82%D9%81%D8%B2-%D8%A5%D9%84%D9%89-%D8%A3%D8%B9%D9%84%D9%89-%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D9%84%D9%87-%D9%81%D9%8A-5-%D8%A3%D8%B4%D9%87%D8%B1-%D8%A8%D8%AF%D8%B9%D9%85-%D9%85%D9%86-%D8%B9%D9%88%D8%A7%D8%A6%D8%AF-%D8%A7%D9%84%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9
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    Current date/time is Sun 27 May 2018, 4:07 pm