The weakening of the RMB has resulted in the growth of the US dollar
The weakening of the RMB has resulted in widespread sharp rise in the US dollar, an increase in yield of US bonds and a drop in the price of gold to its lowest level since February. The dollar / yuan exceeded $ 6.90 against 6.8928 on Tuesday.
"I believe that the catalyst (dollar rate) was the weakening of the Chinese currency", - said Eric Teoret of Scotiabank. According to him, the mark 6.90 was of great importance for June given the steady weakening of the currency in the current year.
The intervention of the authorities in China on the currency market could include the sale of US Treasury bonds, the yield on 10-year bonds rose by 0.03 percentage point to 2.352%.
the WSJ dollar index, which tracks the US dollar's value against a basket of major currencies, rose 0.5% to 91.79. Gold prices fell by 1.4%, for the first time since February, was lower than the $ 1,200 per troy ounce.
Related posts
Signs of weakening momentum evident
Signs of weakening momentum evident in the GBP / USD pair According to the "rhetoric" on the hourly chart GBP / USD , the pair moves to the field of new...
Ruble has fallen sharply against
The ruble has fallen sharply against the euro remains stable against the dollar The ruble opened trading on the Moscow stock exchange without significant...
Which country is most expensive
Which country is the most expensive in the world? If you come to mind Japan, Switzerland, Iceland or Norway - the most expensive country, it does not So....
Next posts
- British stock market finished
- Apple in Q3 was able to achieve
- Markets Entering Consolidation
No comments:
Post a Comment