Tuesday , March 2 2021

The US dollar increases as Fed's signals in December to increase the rate



American stocks were mixed, but the WSJ Dollar Index, which measures the US currency against the basket of 16 others, rose on Thursday.

American stocks were mixed, but the WSJ Dollar Index, which measures the US currency against the basket of 16 others, rose on Thursday.

photo:

Michael Nagle / Bloomberg news

The US dollar jumped on Thursday as the Federal Reserve suggested it would likely increase rates at the next meeting.

The WSJ Dollar Index, which measures the US currency by the basket of 16 others, grew by 0.4% to 90.31 on Thursday. It was on its way to catching a three-day set of downs.

The dollar hit a year – plus high ahead of US semi-annual elections, as investors sought security in the midst of turmoil in other markets. Since then he has achieved some of his gains.

The dollar came after the conclusion of a two-day Fed meeting on Thursday. The central bank maintained a constant interest rate but signaled that another rate would probably increase at the next meeting. Growth in interest rates may make green money more attractive for investors seeking yields.

The 10-year yield on the Treasury Stock Exchange was recently 3.235%, according to Tradeweb, from 3.215% on Wednesday. Reduction in the yield on the price of bonds.

The euro fell by less than 0.4% to $ 1,1378. The dollar grew by 0.3% against yen at 113.93 yen.

write Gunjan Banerji in Gunjan. [email protected]


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