The US dollar depreciated today, after having
reached a 2.5-month low against a basket of several other major currencies. However,
risk appetite was boosted after the easing of monetary policy in China and the
dollar reduced some losses.
The stock markets recorded a growth on Friday after China cut interest rates
for the fifth time this year - just days after the European Central Bank has
indicated readiness to increase incentives for the economy.
Interest rates on US 10-year bonds rose by approximately 6 basis points on
Friday to two-week high after stock prices rose and limited the assets demand,
which in turn provided support for the dollar.
The US dollar index fell 0.2 % to 96,953 points after reaching 97,201 points on
Friday, which was its highest level since August 12.
The US dollar depreciated 0.2% to 121.16
against the yen, having retreated from two-month high of 121.60 yen. The euro
rose 0.2 % to 1.1035 dollars after earlier fell to 1.0989, which was the lowest
level for the European currency since August 11.
The US Federal Reserve will announce its
decision regarding interest rates on Wednesday. Most expectations are that the
US central bank will not raise interest rates at this meeting.
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