Best US Dollar Rate Positive at The Start of The Week

Investors in forex markets seem to be in a relatively positive mood this Monday. The best US dollar rate appears to be doing well. Investors seem to be waiting in anticipation of economic data coming out later this week. The Bundesbank in Germany will be releasing its information, and Consumer Confidence data should be coming from the EC soon. Similarly, we should soon have the National Activity Index from Chicago.

Treasury yields in the 10-year period have remained below the vital 5% point. However, this is still a remarkably high percentage for these bonds, as they are at their highest value since 2007. Meanwhile, the stock indices for futures have actually been doing relatively well, especially in Europe.

The best US dollar rate appears to be performing positively, especially against the Australian dollar. When it comes to the euro, the situation is mixed. The EUR/USD pair had been trading positively for a while. However, it failed to remain stable in this positive region. To buy dollars online, it did cost 1.060 at one point but fell down and is now in a stable trading situation around 1.055.

The GBP/USD pair has been more positive. Initially, the rate fell below 1.210 on Friday. However, the weekend saw a notable improvement. It is now above 1.215 this Monday, at a rather strong point to start the week. Those who want to buy dollars may not be so happy. The oncoming release of data from the UK’s ONS on job data for August will no doubt have a further effect on the rate after Tuesday.

Finally, we can have a look at the Japanese yen. The BoJ appears to be shifting its strategy somewhat. This appears to be more necessary with the increasing geopolitical tensions in the world. The Nikkei 225 Index felt pressure this Monday, falling down by 1%. This has all resulted in further pushing up the USD/JPY rate, approaching the 150 point. While this may be good news for the dollar, it could be disastrous for Japan.