The dollar fell for the second day in a row

The dollar fell for the second day in a row
The dollar fell for the second day in a row

The dollar fell for the second consecutive session on Friday, coinciding with the decline in the US Treasury bond yields, as investors reduced their positions after the recent big gains, but the decline was considered temporary.
The 10-year US Treasury yield was 1.48% in recent trading, down 4 basis points.

On a weekly basis, the dollar index is heading for its biggest percentage gain since late August, as investors look to the Federal Reserve’s cut in asset purchases in November and the prospects for a rate hike late next year.

In mid-morning trading, the dollar index fell 0.3% to 94.047, with an increase of 0.8% since the beginning of the week, which is the largest weekly gain since late August.

On the other hand, the euro settled at $1.1587, down about 1.1% weekly.

The yen rebounded against the dollar from its lowest level in 19 months, recorded overnight, with the dollar falling in the latest trading 0.3% to 110.98 yen.

The Australian dollar rose 0.5% to $0.7266, and fell 3.6% in the third quarter of the year, as iron ore prices, Australia’s largest export, fell sharply.

The British pound rose in the latest trading 0.6% to $1.3560, just above a 9-month low of $1.3516.

Source

dollar fell day row

 
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