🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

FOREX-Dollar roughly flat but close to 4-yr highs on economic optimism

Published 03/27/2021, 03:49 AM
Updated 03/27/2021, 03:50 AM
© Reuters.
USD/SEK
-
DX
-

* Dollar largely flat after climbing all week
* Greenback edges off high vs. Japanese yen since June
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

(New quote, updates prices)
By Jessica DiNapoli and Tom Wilson
NEW YORK, March 26 (Reuters) - The dollar was roughly flat
against major currencies on Friday, but still near four-month
peaks, on continued optimism about the U.S. economy, and came
close to surpassing a 10-month high against the Japanese yen.
Against a basket of six major currencies =USD , the
greenback stood at 92.7200, on track to close out the week with
a gain of about 0.7%. It was shrugging off data showing that
consumer spending recently fell. The dollar-yen also rose as high as 109.80, roughly the
highest since June. =JPY Late on Friday, it was at 109.6400.
"The dollar has gotten a second wind," said Minh Trang,
senior foreign exchange trader at Silicon Valley Bank, adding
that the upward trend in the greenback "will come in spurts as
bull markets do."
Yields on U.S. Treasuries rose but held below one-year highs
reached last week. U.S. jobless claims fell to a one-year low last week and
President Joe Biden said he would double his vaccination plan
after reaching his previous goal of 100 million shots 42 days
ahead of schedule, both of which support optimism about the
dollar. The euro managed to claw back ground from Thursday's
four-month low, though the common currency is still bruised by
doubts over the slow pace of vaccinations and rising infections.
In a boost for the euro, business morale in the euro zone's
biggest economy Germany hit its highest level in almost two
years in March as rising demand for manufactured goods kept
factories humming. Elsewhere, bitcoin BTC=BTSP gained more than 4%, helping
recover some of its pullback from a record high of almost
$62,000 touched earlier this month. It was last up 4.50% at
$53,654.

Currency bid prices at 3:40PM (1940 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index =USD 92.7090 92.8070 -0.09% 3.032% +92.8740 +92.6440
Euro/Dollar EUR=EBS $1.1796 $1.1764 +0.26% -3.47% +$1.1807 +$1.1763
Dollar/Yen JPY=EBS 109.6300 109.1800 +0.42% +6.11% +109.8450 +109.1300
Euro/Yen EURJPY= 129.31 128.43 +0.69% +1.88% +129.4500 +128.4500
Dollar/Swiss CHF=EBS 0.9383 0.9401 -0.18% +6.06% +0.9418 +0.9384
Sterling/Dollar GBP=D3 $1.3783 $1.3733 +0.37% +0.89% +$1.3812 +$1.3730
Dollar/Canadian CAD=D3 1.2587 1.2609 -0.17% -1.15% +1.2609 +1.2561
Aussie/Dollar AUD=D3 $0.7628 $0.7581 +0.63% -0.83% +$0.7637 +$0.7579
Euro/Swiss EURCHF= 1.1068 1.1057 +0.10% +2.42% +1.1094 +1.1058
Euro/Sterling EURGBP= 0.8557 0.8563 -0.07% -4.25% +0.8572 +0.8536
NZ NZD=D3 $0.6991 $0.6954 +0.56% -2.62% +$0.7002 +$0.6951
Dollar/Dollar
Dollar/Norway NOK=D3 8.5750 8.6610 -0.77% +0.09% +8.6430 +8.5795
Euro/Norway EURNOK= 10.1158 10.1740 -0.57% -3.36% +10.1900 +10.1121
Dollar/Sweden SEK= 8.6424 8.6548 +0.15% +5.44% +8.6634 +8.6316
Euro/Sweden EURSEK= 10.1958 10.1805 +0.15% +1.18% +10.2063 +10.1724



<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
World FX rates https://tmsnrt.rs/2RBWI5E
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.