Forex Today: Dollar remains strong in dull trading day

Valeria Bednarik FXStreet

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.

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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.

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