Currency: the dollar on the rise : Orishas-finance

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Currency: the dollar on the rise

05/06/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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The dollar is falling while American interest rates are considered to be higher in the long term.

After the U.S. employment report prompted traders to expect higher interest rates over the longer term, the dollar strengthened against its main competitors in Asian trading. The Australian dollar erased its initial losses, while the Canadian dollar proved resilient, supported by higher crude oil prices. For its part, the US dollar was supported by rising Treasury yields.

The U.S. currency gained 0.11% to 140.135 yen, while 10-year U.S. Treasury yields rose more than 3 basis points to 3.727% in Tokyo. On Friday, the dollar rose 0.84% against the yen

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