NEW YORK, Oct. 23 (Xinhua) — The U.S. dollar misplaced in late buying and selling on Monday, because the U.S. Treasury yields declined.
The dollar index, which measures the dollar in opposition to six main friends, fell 0.59 p.c at 105.5372 in late buying and selling.
The yield on 10-year U.S. Treasury bond reached 5.021 p.c, earlier than it later retreated. Falling U.S. Treasury yields left markets betting on decrease odds of a hike by the Federal Reserve and had the U.S. dollar dropping curiosity.
Moves within the overseas change market had been largely muted on Monday as merchants awaited a number of occasions this week, together with a European Central Bank assembly, the discharge of U.S. GDP information and the Fed’s most popular inflation gauge. Fed members are actually in a blackout interval forward of the Federal Open Market Committee assembly beginning Oct. 31.
In late New York buying and selling, the euro rose to 1.0674 U.S. {dollars} from 1.0592 U.S. {dollars} within the earlier session, and the British pound was as much as 1.2255 U.S. {dollars} from 1.2158 U.S. {dollars}.
The 10-year Japanese Government Bond is close to 0.86 p.c, the very best since 2013. The Nikkei news service reported that the Bank of Japan is contemplating tweaking its yield curve management program. The U.S. dollar purchased 149.5640 Japanese yen, decrease than 149.8590 Japanese yen of the earlier session.
The U.S. dollar was right down to 1.3682 Canadian {dollars} from 1.3701 Canadian {dollars}, and it decreased to 0.8910 Swiss francs from 0.8918 Swiss francs. The U.S. dollar fell to 10.9599 Swedish krona from 10.9724 Swedish krona.