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US treasury yields boost dollar, leave Japan's yen dazed at 38-year low

Business Standard LogoBusiness Standard2d ago

US treasury yields boost dollar, leave Japan's yen dazed at 38-year low - Business Standard

Quick Summary:

On Tuesday, the yield on the 10-year note was down 2 basis points on the day at 4.

The dollar index, which measures the U.S.unit against six others, was up 0.1% at 105.94, with the spotlight on jobs opening data due later in the day and comments from Federal Reserve Chair Jerome Powell when he takes the stage at the ECB forum in Portugal.

It is now lower for the 11th session out of the past 14, and could continue to drift lower unless incoming U.S.data surprise to the downside," he said, referring to Friday's U.S.nonfarm payrolls numbers.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 15:56:29 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 746 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21459002

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 259 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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