Dollar marks fresh highs on U.S. pandemic recovery optimism

  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

The dollar rose to a fresh one-year high versus the yen and multi-month peaks with other rivals on Wednesday as investors bet that massive fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.

FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration

The greenback set a fresh one-year top of 110.97 yen and marked an almost five-month high of $1.1705 per euro. The dollar was also supported from a spike in U.S. bond yields, which make the currency more attractive as an investment.Investors will watch closely monthly U.S. nonfarm payrolls data on Friday, with Federal Reserve policymakers so far citing slack in the jobs market for their continued lower-for-longer stance on interest rates, which has boosted the growth outlook but also stoked worries about inflation.

The Chinese yuan traded around 6.57 per dollar in the offshore market, from the weakest since November at 6.5838, touched on both Monday and Tuesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What's this about👆

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him johnteddy63 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

The dollar is dangerously high

Thank you, President Trump.

$1400 ≠ $2000 TenPercent4TheBigMan

this is terrible news

You’d never guess living here 🙄🙄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines