Commodity News
HeadLine : Dollar Just Lower; Treasury Yields and Powell in Focus
Date : Jan 15 2021
The dollar edged marginally lower Thursday, pausing its recent rebound from near three-year lows on the back of higher U.S. yields as traders expect further substantial stimulus measures. CNN reported overnight that President-elect Joe Biden will look to outline plans later Thursday of a fiscal stimulus package of around $2 trillion. The dollar has risen in four of the past five trading sessions as the prospect of more stimulus, largely financed by borrowing, has weighed on U.S. government bonds, sending the benchmark Treasury yield above 1% for the first time since March. Another factor which has supported the dollar of late has been recent concerns that the Federal Reserve may taper its monetary support sooner than had been originally expected as the economy recovers. 

Source: Investing,com
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