Dollar lingers near three-month peak as bonds sell off

08.03.2021 - Davydova Maria
Dollar lingers near three-month peak as bonds sell off

The dollar lingered near three-month peaks on Monday after the U.S. Senate passed a massive stimulus aid that triggered another sell-off in the bond market. Commodity currencies fell as a broad risk sentiment lost momentum.

The dollar index traded at 92.073, up 0.17% and near its three-month peak of 92.201 hit on Friday. 

The Senate passed a massive $1.9 trillion coronavirus relief package right after a U.S. jobs data propped the dollar to its strongest since November 2020.

Against the British pound, the dollar stood near a one-month high of $1.3819 and a three-month peak of $1.1904 against the euro.

Against the Japanese yen, the dollar steadied at 108.39 after hitting a nine-month high of 108.645 on Friday.

The Aussie gained 0.2% to $0.7696, but was well below its session high of $0.77230. The kiwi fell 0.1% after earlier hitting 0.4% to $0.719. 

The dollar dropped 0.38% to 8.5283 against the krone. It eased to 1.2637 on the Canadian dollar. 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?