The U.S. dollar headed for its worst weekly drop this year as Treasury yields extended decline on Friday. The benchmark 10-year Treasury yield plunged to a one-month low of 1.528% overnight. This happened despite Thursday’s
The commodity currencies soared on Thursday. The Australian dollar rallied as high as $0.7754 for the first time since March 23, following a 1% surge from the previous day when it broke out of its
The U.S. dollar plummeted down near a one-month low on Wednesday. Strong demand at a U.S. bond auction caused a widespread decline in Treasury yields. As a result, the dollar lowered as well. In London
The dollar climbed up on Tuesday as a rally in U.S. Treasury yields supported it. Despite that, the currency remained near three-week lows as traders waited for inflation data in the United States. The greenback has
The U.S. dollar rebounded on Monday after last week’s decline. Investors are waiting for crucial U.S. inflation and retail sales data in the coming days. Meanwhile, they are assessing the outlook for Treasury yields. Thus
The Chinese yuan tumbled down by 1.28% against the U.S. dollar in March. Meanwhile, the greenback soared by 2.52% in March against a basket of other major currencies. Official data showed on Wednesday that China’s
The U.S. dollar traded near two-week lows on Wednesday after U.S. bond yields lowered from recent highs. Investors are waiting for the Federal Reserve’s meeting minutes due later today to help determine the future path
The U.S. dollar recovered some losses on Tuesday after plunging to almost two-week lows. Investors consolidated positions after a selloff overnight due to short-term optimism about the outlook for the U.S. economy. The dollar lowered
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