What you want to know on Monday, March 15: The American greenback eased heading into the weekly shut in opposition to most m
What you want to know on Monday, March 15:
The American greenback eased heading into the weekly shut in opposition to most main rivals, though retained its dominant energy. US Treasury yields supplied help to the dollar, reaching contemporary one-year highs. The bond market volatility is predicted to proceed main the best way this week.
Wall Avenue closed combined on Friday, with the DJIA and the S&P reaching all-time highs, however the Nasdaq falling amid the persistent sell-off within the tech sector.
Vaccine rollout and fiscal stimulus raise hopes for a sooner financial comeback within the US.
The primary occasion this week is the US Federal Reserve Financial Coverage assembly. The central financial institution is predicted to announce its determination subsequent Wednesday, though it’s extensively anticipated to stay on maintain.
The dollar completed the week with beneficial properties solely in opposition to safe-haven CHF and JPY. Excessive-yielding rivals posted modest beneficial properties, with commodity-linked currencies doing higher than European ones.
Gold closed the week with beneficial properties at $1.726,50 a troy ounce, however crude oil costs had been little modified, with WTI at $ 65.50 a barrel.
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