Back
31 Jul 2014
USD extends its bid tone - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, underlines the solid performance of the greenback post-FOMC and US data.
Key Quotes
"The US dollar has remained stronger in the Asian trading session after strengthening yesterday following the release of the stronger than expected US GDP report for Q2. The dollar index rose to its’ highest level since September of last year lifting USD/JPY back towards the top of the recent 101.00 to 103.00 range."
"The US dollar is deriving support from rising short-term US yields. The two-year Treasury bond yield has increased to its’ highest level since May 2011."
Key Quotes
"The US dollar has remained stronger in the Asian trading session after strengthening yesterday following the release of the stronger than expected US GDP report for Q2. The dollar index rose to its’ highest level since September of last year lifting USD/JPY back towards the top of the recent 101.00 to 103.00 range."
"The US dollar is deriving support from rising short-term US yields. The two-year Treasury bond yield has increased to its’ highest level since May 2011."