Dollar rally runs out power
SINGAPORE (Reuters) – The dollar nursed losses on Wednesday as a retreat in U.S. yields sapped momentum from its recent rebound and investors cautiously resumed bets that it can resume sliding.
Signal FX
Benchmark 10-year Treasury yields fell nearly 7 basis points from a 10-month high hit on Tuesday and the turnaround snuffed out a three-day streak for the dollar.
The Australian and New Zealand dollars rose from one-week lows, lifting the Aussie above 77 cents again to sit at $0.7680 and the kiwi over 72 cents to trade at $0.7226.
Signals in FX
The dollar fell through 104 Japanese yen to trade at 103.63 yen on Wednesday and the Chinese yuan also held gains to begin the day at a one-week high in offshore trade.
“The upward correction in the dollar index looks to be over and the downtrend has resumed,” ANZ analysts said in a note.
The euro steadied at $1.2208 and dollar index was steady at 89.991 on Wednesday after falling 0.5% on Tuesday. Sterling hit a week-high of $1.3680. Dollar Up Holds Onto Biggest Gains
Live Forex News
Forex Signals – Dollar tries to keep rally alive in a short market
Dollar Down Slows Rally Over Treasury
Pound Rises as Vaccine Progress
FX Signals Trading
Dollar rally runs out power Forex Signals – Dollar Gains as Yields Rise
Forex Signals
Dollar rally runs out power
Dollar rally runs out power
About The Author: Telegram Forex Signals FX Trading
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Telegram Forex Signals FX Trading