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The dollar on Monday in early Asian trading pushed up to a six-month high, as investors pursued to back bets that the President-elect Donald Trump administration would board on expansionary monetary policies and promote growth.

The dollar sprung up to its highest 111.125 yen, since May 31. It was 0.1 percent as the last down at 110.82 as investors placed ahead of U.S. Thanksgiving holiday later week.

“The market is purchasing dollar and selling the U.S. Treasuries and it appears that this trend may pursue because as no one is aware of the ‘Trumponomics’ details said chief forex strategist, Masafumi Yamamoto, at Mizuho Securities in Tokyo.

The Commodity Futures Trading Commission data that was released on Friday showed the speculators spruced their bets on dollar through Nov.15 in the week as profit taking diminished the long positions after they rose and had held the position in seven straight weeks.

Japanese yen had reached the lowest level showed the data and this was since early June. The Treasuries yields of all maturities registered in the past two week gain have surpassed the five years as investors dumped after the U.S. presidential election held after Nov.8.

The U.S. benchmark yield on the 10-year Treasury notes sprung on Friday up to one-year high of 2.364 percent. It stood last at 2.344 percent, in comparison to its 2.337 percent U.S. close.

Conversely, most participants in the market anticipate the U.S. Federal Reserve to hike the rates of interest in the policy meeting at its Dec.13-14

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