FOREX TradingCharts.com

Forex News: U.S. Dollar Advances Amid Higher Treasury Yields

U.S. Dollar Advances Amid Higher Treasury Yields

02/08/2021 - 06:54:00 (RTTNews)

(RTTNews) - The U.S. dollar appreciated against its major counterparts in the European session on Monday, as U.S. Treasury yields rose on the growing prospects of additional fiscal stimulus in the wake of weak U.S. jobs data released last week.

The benchmark 10-year Treasury yields neared 1.20 percent.

Safe-haven bonds were sold off on the prospects for more stimulus, driving yields higher.

The U.S. economy added just 49,000 jobs in January, lower than the expected increase of 50,000 jobs.

The data strengthened the need for more fiscal support to shore up the economy.

Investors' focus on the progress of the $1.9 trillion COVID-19 relief package, which is expected to be approved by lawmakers by this month.

No major economic data is scheduled today. The greenback climbed to 1.3685 against the pound and 1.2023 against the euro, recovering from its previous 1-week low of 1.3741 and a 6-day low of 1.2054, respectively. If the greenback rises further, 1.34 and 1.18 are possibly seen as its next resistance levels against the pound and the euro, respectively.

Reversing from an early session's low of 105.31 against the yen and a 5-day low of 0.8981 against the franc, the greenback edged higher to 105.67 and 0.9012, respectively. The greenback is likely to find resistance around 108.00 against the yen and 0.92 against the franc.

The greenback gained to 1.2782 versus the loonie, 0.7651 versus the aussie and 0.7183 versus the kiwi, rebounding from an early low of 1.2753, 10-day low of 0.7682 and a 4-day low of 0.7213, respectively. The greenback is seen finding resistance around 1.29 versus the loonie, 0.72 versus the aussie and 0.70 versus the kiwi.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Loonie Mixed After Canada Trade Data (09 hr(s), 59 min(s), 57 sec(s) ago)
(RTTNews) - After the release of Canada trade data for January at 8:30 am ET Friday, the loonie tr ...Full Story»

Dollar Spikes Up After U.S. Jobs Data (10 hr(s), 02 min(s), 56 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, U.S. jobs data for February and trade data for January have been ...Full Story»

Loonie Steady Ahead Of Canada Trade Data (10 hr(s), 11 min(s), 57 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada trade data for January. Be ...Full Story»

Dollar Mixed Ahead Of U.S. Jobs Data (10 hr(s), 14 min(s), 57 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, U.S. jobs data for February and trade data for January are due. ...Full Story»

Surging Treasury Yields Boost U.S. Dollar (12 hr(s), 11 min(s), 57 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened across the board in the European session on Friday, as U. ...Full Story»

Pound Little Changed After U.K. Halifax House Prices (15 hr(s), 02 min(s), 57 sec(s) ago)
(RTTNews) - UK Halifax house price data has been released at 3:30 am ET Friday. The pound changed ...Full Story»

Canadian Dollar Climbs On Rising Oil Prices After OPEC Decision (16 hr(s), 05 min(s), 57 sec(s) ago)
(RTTNews) - The Canadian dollar advanced against its major counterparts in the Asian session on Fr ...Full Story»

Euro Little Changed After German Factory Orders (16 hr(s), 35 min(s), 56 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, Destatis has released Germany's factory orders data for Janu ...Full Story»

Search

FOREX NEWS

Loonie Mixed After Canada Trade Data

03/05/2021 - 08:39 AM (RTTNews)
(RTTNews) - After the release of Canada trade data for January at 8:30 am ET Friday, the loonie tr ...Full Story>>

Dollar Spikes Up After U.S. Jobs Data

03/05/2021 - 08:38 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, U.S. jobs data for February and trade data for January have been ...Full Story>>

Loonie Steady Ahead Of Canada Trade Data

03/05/2021 - 08:29 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada trade data for January. Be ...Full Story>>

Dollar Mixed Ahead Of U.S. Jobs Data

03/05/2021 - 08:25 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, U.S. jobs data for February and trade data for January are due. ...Full Story>>

Surging Treasury Yields Boost U.S. Dollar

03/05/2021 - 06:28 AM (RTTNews)
(RTTNews) - The U.S. dollar strengthened across the board in the European session on Friday, as U. ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.