Dollar falls as Treasury yields firm

18.05.2021 - Kulakov Vladimir
Dollar falls as Treasury yields firm

The dollar fell on Monday as inflation jitters, worsened by record-high prices in a regional U.S. manufacturing survey supported risk currencies at the dollar’s expense.

The 10-year U.S. Treasury yield steadied as investors sought hints regarding the Fed’s monetary policy. 

The Federal Reserve is set to release the minutes of its meeting on Wednesday, which investors will scrutinize for clues about the central bank’s views on inflation spikes.

The dollar index fell 0.14% to 90.157. The euro climbed 0.09% to $1.2159, while the dollar slid 0.15% to 109.175 against the Japanese yen.

As economies reopen, rising demand and supply shortages boosted commodity prices on an upward trend.

Stronger crude oil prices also supported the loonie, but the krone lost ground against the dollar. The Aussie also slid despite higher metal prices.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?