DJIA26770.20
LIVE-255.68(-0.95%)
NDX7868.49
LIVE-73.65(-0.93%)

Dollar on Course For Weekly Loss as Fed Joins Rate Cut Camp


Friday, 21 June 2019 08:39 WIB

Dolar Indeks Dolar YenDolar ASpoundPoundsterlingYen Jepang


c_740_198_16777215_00_images_assets_CURRENCY_11ASdolar-hoy-2172338w620.jpg

The dollar struggled to get on the front foot on Friday, and was poised for a weekly loss against major currencies after the U.S. Federal Reserve joined global peers with plans to cut interest rates to support flagging economic growth.

A decline in benchmark 10-year Treasury yields below 2% and a rise in gold above heavy technical resistance to a near six-year high suggested the dollar could face a period of prolonged selling pressure, traders and analysts say.

The dollar traded at 107.30 yen , slightly above a five-month low of 107.20 yen reached Thursday after Fed Chairman Jerome Powell signaled a rate cut at the next policy meeting in July.

The dollar index, which measures the U.S. currency against six of its peers, was at 96.615, down 1.0% on the week.

Sterling changed hands at $1.2707, on course for a 1.0% weekly gain, which would be its best performance in seven weeks.

Source : Reuters


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.