Economic news

Dollar index treads water on Fed chair’s cautious comments

The greenback index against its main rivals changed a bit at 97.001 on Thursday after losing 0.4 percent the night before, when it bounced from a three-week top of 97.588 following Powell's remarks. 

currencyPhoto: Flickr

The dollar lost 0.35 percent to 108.080 yen, pushed off a six-week peak of 108.990 sized the earlier day. 

On Wednesday the euro bumped up 0.1 percent to $1.1263 subsequent to growing 0.4 percent. 

The Australian dollar was flat at $0.6962 adding 0.5 percent the night before in comparison with the faint greenback. The flood made the Aussie bounce from a 2-1/2-week trough of $0.6910. 

On Wednesday the 10-year U.S. Treasury yield lost a three-week high value of 2.113 and traded 2.038 percent after the Fed head's congressional declaration. 

Spot gold added $1,426 an ounce, its peak since July 3 as strengthened hopes for a Fed rate of interest shrink supported the non-yielding precious metal.


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