The U.S. Dollar Index rallied to the highest level since November 2020 during trading in New York.
The U.S. dollar on Friday briefly touched its highest levels in nine months as the spread of the coronavirus delta variant contributed to unease over the global economic growth outlook.
The U.S. Dollar Index DXY, -0.17% climbed to as high as 93.73 early Friday, the highest level since Nov. 2. The dollar’s morning rally was more about negative risk sentiment related to, among other things, the delta coronavirus variant and the slowdown in China, Vassili Serebriakov, FX strategist at UBS in New York told CNBC.The greenback’s move on Friday came as major U.S. stocks closed higher in a Nasdaq Composite-led COMP, +0.82% rally but still saw losses for the week, while 10-year TMUBMUSD10Y, 1.463% and 30-year TMUBMUSD30Y, 2.031% Treasury yields posted their biggest weekly declines since July.
In an interview with Fox Business Network on Friday, Federal Reserve Bank of Dallas President Robert Kaplan said the delta variant has caused him to have an open mind about the path of monetary policy. He called the delta variant “the big imponderable” in the outlook.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
WFT Honors Ron Rivera With $25k Donation On 1-Year Cancer-Free AnniversaryThe Washington Football Team honored Ron Rivera being 1 year cancer-free with a touching tribute.
Les mer »
Instacart's advertising chief Seth Dalliare is leaving to join WalmartInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
How influencers are affecting financial institutionsA new group of influencers is shaping our financial decisions. Here's how marketers can reach them. Google ad
Les mer »
Ozy announces it is shutting down, media company faced scrutinyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
How to bet on beaten-down SPACs for steady, tax-friendly returnsA 30-year investing veteran breaks down a SPAC strategy that enterprising retail investors can use on their own to generate steady and tax-friendly returns — and explains why now is actually the best time to invest in the beaten-down asset class
Les mer »