SME Times is powered by   
Search News
Just in:   • Industry hails schemes for electronics manufacturing  • Chennai Petroleum writes down inventory of Rs 1,456 cr  • Masks, social distancing and no large gatherings: SOPs for malls  • Mumbai revs back to life in lockdown 5.0  • US stocks end mixed following disappointing data 
Last updated: 21 Aug, 2019  

Dollar9.Thmb.jpg Dollar falls amid declining US Treasury yields

Dollar.9.jpg
   Top Stories
» Industry hails schemes for electronics manufacturing
» Amid pandemic, no new scheme funding likely in FY21
» 6 times growth in IoT patents last 5 years
» RBI creates of Payments Infrastructure Development Fund
» 'Need to attract FDI in lending institutions to push MSMEs'
IANS | 21 Aug, 2019
The dollar decreased on Tuesday, as long-term US Treasury yields retreated again, raising worries over potential economic slowdown.

The dollar index, which measures the greenback against six major peers, decreased 0.17 per cent at 98.1849 in late trading, the Xinhua news agency reported.

In late New York trading, the Euro rose to $1.1096 from $1.1081 in the previous session, and the British pound increased to $1.2165 from $1.2132 in the previous session. The Australian dollar was up to 0.6775 dollar from 0.6765 dollar.

The dollar bought 106.27 Japanese yen, lower than 106.62 Japanese yen of the previous session. The dollar decreased to 0.9782 Swiss franc from 0.9812 Swiss franc, and it was down to 1.3316 Canadian dollars from 1.3329 Canadian dollars.

The long-dated US Treasury notes saw their yields pull back on Tuesday, while the benchmark 3-month Treasury note yields rose to over 1.95 per cent, narrowing the gaps between long-term and short-term Treasury yields.

The benchmark 10-year Treasury yields fell to nearly 1.55 per cent on late Tuesday afternoon. The yields of 2-year note dropped to nearly 1.51 per cent. What's worse, the closely-watched 30-year Treasury yields decreased to a bit over 2 percent.

The 10-year bill yields broke below the 2-year bill yields once at a point last week, which deepened worries that an inverted yield curve would incur an impending economic recession.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 06 Jun, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Goa to reopen tourism sector: CM(1)
» 86% workers globally demand new skills training from employers: Survey(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter