US DOLLAR RALLIES IN FLIGHT FOR SAFETY OUT OF EUROPE’S POLITICAL TURMOIL

avatar
· Views 90



  • The US Dollar trades firmly in the green while the Japanese Yen and the Euro weaken. 
  • The BoJ said it is set to ease its bond-buying program, while European sovereign bond yields increase due to political uncertainty in France.. 
  • The US Dollar index trades above 105.50 and could head towards year-to-date highs.

The US Dollar (USD) rallies on Friday as traders flee out of the Japanese Yen (JPY) and the Euro (EUR). The renewed strength in the Greenback comes as sovereign bond yields in some countries in the Eurozone, particularly France, are spiking on the back of political uncertainty. In Asia, the weaker Japanese Yen is the result of the Bank of Japan (BoJ) monetary policy meeting, which concluded with Governor Kazuo Ueda’s announcement that the bank is set to relax its bond-buying program. 

On the economic data front, markets seem to be ignoring the recent soft inflation figures and focusing on a still hawkish Federal Reserve (Fed). On Friday, the calendar offers import-export data price data and the University of Michigan Consumer Sentiment and Inflation Expectations survey. Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Governor Lisa Cook will drop some comments during the US session. 


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest