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Currencies: The Dollar climbs to 1.29%

17/02/2021
Categories: Economy/Forex

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The Dollar is just recovering the 0.15% lost the day before, a complete stagnation since Friday, around 1.210%. And this, despite a tension in US long rates (increase in the remuneration of the $ from +9Pts to 1.288%) much higher than that observed on Bunds (+4Pts) or OAT (+5Pts towards 0.11%).

Despite the return of American traders after 3 days off, FOREX has been very calm. If the Dollar seems to be gaining ground against the Yen (+0.5% to 105.9), it is because the Japanese currency fell sharply for the second consecutive session, while the Tokyo Stock Exchange beat record after record, on the grounds of stronger growth than expected.
The remuneration of the Dollar does not seem to make the difference since the greenback posted values comparable to that of February 15 while the T-Bond posted only 0.91% return at the beginning of December 2020 and 0.505% on August 2, 2020.

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