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U.S. Dollar Trading At Its Worst Level In More Than Two Years
Summary: The U.S. dollar continued its months-long slide, falling to its lowest level in more than two years during the course of Tuesday's trade. The U.S. Dollar Currency Index was trading at 92.29, its lowest level since April 2018, according to data from TradingView. "Treasury yields are falling again as expectations grow that the Fed policy ...
The U.S. dollar continued its months-long slide, falling to its lowest level in more than two years during the course of Tuesday's trade. The U.S. Dollar Currency Index was trading at 92.29, its lowest level since April 2018, according to data from TradingView.
"Treasury yields are falling again as expectations grow that the Fed policy review framework will signal a relaxed view on inflation, taking some of the air out of the steepening of the curve and dragging the dollar along with it," noted Edward Maya, senior analyst at OANDA.
The dollar's sheer slide began in March, underpinned by falling Treasury yield and mounting fears of debt being taken on by governments and central banks to quell the impact of COVID-19.
By Amy Liu
Tags: COVID-19,Dollar,Trade
Link: U.S. Dollar Trading At Its Worst Level In More Than Two Years [Copy]
