The Dollar is rising alongside the yield paid on U.S. government treasury bonds, a sure sign that the market did not buy into the Federal Reserve's message delivered at its March policy meeting.
March 18,2021
The U.S. Dollar went from boom-to-bust in spectactular fashion late Wednesday after the Federal Reserve (Fed) caught a falling bond market in its arms and in the process burned the fingers of investors whose 'hawkish,' if-not tin-eared wagers had effectively thrown down a gauntlet for American policymakers.
March 18,2021
The Federal Reserve's March policy event is front and centre for foreign exchange markets today and could well determine how the Dollar trades against the Pound and Euro over coming days.
March 17,2021
The Pound-Dollar rate rallied and the greenback hit the skids on Tuesday after February retail sales data surprised on the downside, puncturing the tyres of an American currency charged up on rising bond yields and suggestions of exceptionalist economic credentials.
March 16,2021
The Pound-to-Dollar rate went out on its back amid further gains for American bond yields but continued to eyeball 1.40 and a rubicon it may overcome on route to new highs this week, as the Federal Reserve (Fed) curbs appetite for the greenback and Sterling is aided by the Bank of England (BoE).
March 15,2021
An unexpected rise in the yield paid on U.S. ten-year bonds has hit market sentiment ahead of the weekend.
March 12,2021
The Dollar went from hero to zero on Wednesday when in the metaphorical terms the U.S. inflation picture effectively bombed at the box office, after February's inflation numbers came in lower than was expected by economists and in the area where where it really mattered most that they didn't.
March 10,2021
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