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Dollar falls amid declining US Treasury yields
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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.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
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