Safe-haven Dollar mark little High with U.S Treasury Yields at Glory
- The USD is hopefully holding the grip with high on Friday Morning.
- The treasury yields at the joyous side as well.
- Some relief on the U.S. Economic data.
The Dollar was again at height on Friday Morning in Asia with 10 years U.S. Treasury yields edged up nightly.
Investors are at a happy place after seeing the U.S. economic data as it is not that bad as expected.
Moreover, Regardless of the bit high in the dollar position, many analysts are concerned about the dollar’s future as it could return to the downward trend because there was almost a 7% loss in its value last year. Specifically, The Fed’s commitment to renew the ultra-easy policy also has a large influence on the dollar’s future.
The antipodean currencies saw some low against U.S. currency with AUD/USD inched down 0.35% to 0.7652 and the NZD/USD pair was also down 0.11% to 0.7160
The U.S. dollar index gained 0.12% reaching 90.632 against the basket of other currencies.
The USD/JPY slightly up 0.26% to 6.4656.
The prediction of investors on a much-awaited 1.9 trillion Fiscal policy might not have that huge impact on the market as per the expectations.