USD Regains After Pullback

 
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust U.S. economic recovery. (Reuters) The dollar index wallowed at its lowest level since March 25, slipping further in early Asian trading following a 0.4% decline on Monday. However, in terms of the US Dollar Index (DXY), the greenback managed to regain the strength and advances on turnaround Tuesday. The US yields also creeped higher and recent positive results from key fundamentals collaborate with the upbeat scenario surrounding the USD.

The AUD/USD pair fell during the early European session and refreshed daily lows. The pair struggled to capitalize on the post-RBA uptick to one-week tops due to dollar regained demand. The Reserve Bank of Australia left rates unchanged as expected.

Asian stocks and US futures are on the back foot amid worries that China would cut loan growth, to prevent credit bubbles.


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Post categories

 

Symbol Bid Ask Spread
EURUSD 1.19808 1.19833 2.5
GBPUSD 1.38295 1.38463 16.8
USDCAD 1.25068 1.25100 3.2
USDJPY 108.782 108.808 2.6
USDCHF 0.91983 0.92008 2.5
AUDUSD 0.77342 0.77388 4.6
NZDUSD 0.71419 0.71472 5.3
EURGBP 0.86549 0.86631 8.2
EURCHF 1.10216 1.10246 3
EURJPY 130.347 130.375 2.8
AUDJPY 84.142 84.192 5
GBPJPY 150.484 150.588 10.4
USDSGD 1.33397 1.33443 4.6
XAUUSD 1775.61 1775.93 32
XAGUSD 25.930 25.964 3.4

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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