Falling dollar, disappointing US indicators and falling US bond yields = NY Forex | Reuters

The dollar has fallen against a basket of major currencies in the New York foreign exchange market. Taken on February 8 (2021 Reuters / Dado Ruvic / Illustration / File Photo)

[New York 3rd Reuters]–The dollar has fallen against a basket of major currencies in the New York foreign exchange market. Disappointing US indicators and falling US bond yields have put pressure on the dollar. Since Japan, China, and the United Kingdom were holidays, it became a thin business.

The Manufacturing Index for April, released by the American Supply Management Association (ISM) on the 3rd, was 60.7, slowing from 64.7 in March, the highest level since December 1983.

In late trading, the dollar index fell 0.3% to 90.696.

The dollar index traded on April 30 last weekend, recording significant growth since late February, but Scotiabank’s chief currency strategist Shawn Osborne reflects a broader resumption of the dollar’s rise. Pointed out that it may not be. “To support the dollar’s recovery, it needs to be much higher this week, but the start isn’t good,” he said.

Federal Reserve Chairman Powell said yesterday that the US economy is improving, but “it’s not out of the pinch yet.”

Euro rises against the dollar. IHS Markit’s April revision of the Eurozone Manufacturing Purchasing Managers’ Index (PMI) hit a record high to support the euro. The European Central Bank’s (ECB) Deputy Governor Degindos said that if vaccination with the new coronavirus progresses and the economy accelerates, the ECB will be able to start phasing out emergency mitigation measures. It was.

This week, the US employment data for April released on the 7th and the whereabouts of the policy-making meetings of Australia, the United Kingdom and the Norges Bank are drawing attention.

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Ether, a crypto asset (cryptocurrency), broke above $ 3,000 and hit a high of $ 3203.18.

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