The dollar rises in price to a maximum since the end of December – Rambler / finance



Photo: © RIA Novosti. Vladimir Sergeev

The dollar rate against major world currencies on Monday evening is growing, the dollar index is rising to a maximum since December 23 amid a decrease in demand for risky assets in the market, according to trading data.

As of 18:26 Moscow time, the euro against the dollar fell to $ 1.2149 per euro from the previous close of $ 1.2218. The dollar against the yen rose to 104.28 yen per dollar from the previous close of 103.93 yen. The dollar index (the dollar’s exchange rate against a basket of currencies of six countries – the main trade partners of the United States) increased by 0.63%, to 90.66 points.

Risk aversion is seen in the markets on Monday. Thus, Asian markets closed mostly in the red, while a decline is also observed in European and American markets. Investors prefer the more reliable dollar against the euro.

In recent weeks, the American currency has received support due to the growth of the yield on US government bonds. Thus, the yield on ten-year US government bonds reaches 1.127% at trading, since the beginning of the year the growth has made more than 20 basis points.

“Unsurprisingly, the recent acceleration in US government bond yields has reminded foreign exchange markets that they should stop focusing on inflation and adopt a more comprehensive approach to valuing the dollar,” Reuters quoted strategists at Commerzbank as saying.

In addition, this week, traders are awaiting a speech by US President-elect Joe Biden, who promised to outline his economic agenda on January 14.

Biden stressed that serious investments will be required to overcome the consequences of the coronavirus and maintain the economy, he said that his economic aid package will be estimated at “trillions of dollars.”

Video of the day. Bitcoin above $ 41 thousand – all-time high

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The dollar rises in price to a maximum since the end of December

Photo: © RIA Novosti. Vladimir Sergeev

The dollar rate against major world currencies on Monday evening is growing, the dollar index is rising to a maximum since December 23 amid a decrease in demand for risky assets in the market, according to trading data.

As of 18:26 Moscow time, the euro against the dollar fell to $ 1.2149 per euro from the previous close of $ 1.2218. The dollar against the yen rose to 104.28 yen per dollar from the previous close of 103.93 yen. The dollar index (the dollar’s exchange rate against a basket of currencies of six countries – the main trade partners of the United States) increased by 0.63%, to 90.66 points.

Risk aversion is seen in the markets on Monday. Thus, Asian markets closed mostly in the red, while a decline is also observed in European and American markets. Investors prefer the more reliable dollar against the euro.

In recent weeks, the American currency has received support due to the growth of the yield on US government bonds. Thus, the yield on ten-year US government bonds reaches 1.127% at trading, since the beginning of the year the growth has made more than 20 basis points.

“Unsurprisingly, the recent acceleration in US government bond yields has reminded foreign exchange markets that they should stop focusing on inflation and adopt a more comprehensive approach to valuing the dollar,” Reuters quoted strategists at Commerzbank as saying.

In addition, this week, traders are awaiting a speech by US President-elect Joe Biden, who promised to outline his economic agenda on January 14.

Biden stressed that serious investments will be required to overcome the consequences of the coronavirus and maintain the economy, he said that his economic aid package will be estimated at “trillions of dollars.”

Video of the day. Bitcoin above $ 41 thousand – all-time high

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The dollar rises in price to a maximum since the end of December

Photo: © RIA Novosti. Vladimir Sergeev

The dollar rate against major world currencies on Monday evening is growing, the dollar index is rising to a maximum since December 23 amid a decrease in demand for risky assets in the market, according to trading data.

As of 18:26 Moscow time, the euro against the dollar fell to $ 1.2149 per euro from the previous close of $ 1.2218. The dollar against the yen rose to 104.28 yen per dollar from the previous close of 103.93 yen. The dollar index (the dollar’s exchange rate against a basket of currencies of six countries – the main trade partners of the United States) increased by 0.63%, to 90.66 points.

Risk aversion is seen in the markets on Monday. Thus, Asian markets closed mostly in the red, while a decline is also observed in European and American markets. Investors prefer the more reliable dollar against the euro.

In recent weeks, the American currency has received support due to the growth of the yield on US government bonds. Thus, the yield on ten-year US government bonds reaches 1.127% at trading, since the beginning of the year the growth has made more than 20 basis points.

“Unsurprisingly, the recent acceleration in US government bond yields has reminded foreign exchange markets that they should stop focusing on inflation and adopt a more comprehensive approach to valuing the dollar,” Reuters quoted strategists at Commerzbank as saying.

In addition, this week, traders are awaiting a speech by US President-elect Joe Biden, who promised to outline his economic agenda on January 14.

Biden stressed that serious investments will be required to overcome the consequences of the coronavirus and maintain the economy, he said that his economic aid package will be estimated at “trillions of dollars.”

Video of the day. Bitcoin above $ 41 thousand – all-time high




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