1.3%. Eurozone April Final Core CPI eased to
0.7% from
0.5% which matched
March’s 0.5%.
EUR/USD – The Euro slid 0.38%, reversing 4 days of gains, to finish at 1.2175 in late New York. This followed the release of the FOMC’s April minutes. The rise in the US yields and overall Dollar strength weighed on the shared currency. Speculative long Euro bets were forced to cover some of their positions.
AUD/USD – Australia’s Battler slumped under the weight of the stronger Greenback and market’s risk-off mood. The Aussie closed at 0.7725 after hitting an overnight low at 0.77109. Australia releases its Employment report later today (11.30 am Sydney).
Fed hints at future taper; US yields, Dollar rise, stocks slump
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Asia-Pacific Currencies Rise after US Benchmark 10-year Treasury Yield Dipped to One-Year Low
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Yen stops bleeding on strong data
February 17, 2021SharePrint
The Japanese yen is holding steady in the Wednesday session. Currently, USD/JPY is trading at 106.11, up 0.06% on the day.
Dollar takes pause at 106
It has been a rough week for the Japanese yen, which has lost 1.0 per cent. USD/JPY is particularly sensitive to US/Japan rate differentials, and this week’s rise in US 10-year and 30-year yields has boosted the pair. The dollar pushed the yen above the 106 level on Tuesday, for the first time since September 2020. The pair is on an uptrend and if US yields remain at current levels, the pair could put pressure on the 107 level in the coming sessions.