16.8 C
Tokyo
Tuesday, April 16, 2024
HomeLatestU.S. dollar rises as Japanese yen falls

U.S. dollar rises as Japanese yen falls

NEW YORK, July 31 (Xinhua) — The U.S. dollar strengthened on Monday, because the Japanese yen fell and the Japanese authorities bond yields elevated.

The dollar index, which measures the buck in opposition to six main friends, was up 0.22 p.c to 101.8504 in late buying and selling.

The 10-year Japanese authorities bond traded at its highest yield since 2014 above 0.60 p.c. The transfer got here scorching on the heels of Friday’s Bank of Japan adjustment to yield curve management.

The financial institution additionally introduced an unscheduled bond-buying program on Monday, a plan for 5-10-year authorities bonds with a scale of 300 billion yen.

In response to combined financial stories, the Japanese yen continued to say no as the most important underperformer on Monday. The U.S. dollar purchased 142.2640 Japanese yen, a lot greater than 141.1080 Japanese yen of the earlier session.

On Monday, the Chicago Purchasing Managers Index improved to 42.8 in July from 41.5 in June.

Meanwhile, the Texas Manufacturing Outlook Survey launched by the Federal Reserve Bank of Dallas revealed that the headline manufacturing enterprise index edged greater to -20 in July from -23.2 in June.

In late New York buying and selling, the euro fell to 1.0999 U.S. {dollars} from 1.1023 {dollars} within the earlier session, and the British pound fell to 1.2837 U.S. {dollars} from 1.2855 {dollars}.

The U.S. dollar was as much as 0.8718 Swiss francs from 0.8695 Swiss francs, and it decreased to 1.3176 Canadian {dollars} from 1.3240 Canadian {dollars}. The U.S. dollar was right down to 10.5112 Swedish Krona from 10.5354 Swedish Krona.

Source

Latest