Forex Today: Dollar remains strong in dull trading day
What you need to know on Friday, August 13:
The dollar advanced against most of its mayor rivals as the market’s mood soured. Higher than expected US PPI revived concerns about heating inflation and a possible Federal Reserve’s response. Still, the greenback gains were tepid and uneven.
The EUR and the JPY held pat, while the pound and commodity-linked currencies edged lower.
Overall, currencies followed the lead of Wall Street, which seesawed between gains and losses to end the day mostly in the red. The S&P posted a minor advance, but reached fresh all-time highs.
Government bond yields seesawed between gains and losses, ending the day little changed. The yield on the 10-year US Treasury note settled at 1.36%.
Gold is unchanged on a daily basis, trading around $1,752 a troy ounce heading into the Asian opening. Crude oil prices edged marginally lower, with WTI settling at $69 a barrel.
Shiba Inu Price Forecast: SHIB plots a new opportunity, targets a 35% gain
Like this article? Help us with some feedback by answering this survey:
Author
Valeria Bednarik
FXStreet
Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years.
