{"id":107633,"date":"2021-02-22T10:19:43","date_gmt":"2021-02-22T10:19:43","guid":{"rendered":"https:\/\/fin2me.com\/?p=107633"},"modified":"2021-02-22T10:19:43","modified_gmt":"2021-02-22T10:19:43","slug":"dollar-pares-losses-as-reflation-trade-sends-yields-higher","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/dollar-pares-losses-as-reflation-trade-sends-yields-higher\/","title":{"rendered":"Dollar pares losses as reflation trade sends yields higher"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; The U.S. dollar pared losses in early European trading after hitting multi-year lows against sterling and the Australian and New Zealand currencies as vaccine progress, expectations for faster economic growth and inflation sent bond yields higher.<\/p><figcaption>A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS\/Dado Ruvic\/Illustration<\/figcaption><p>Yields on 10-year U.S. and German government bonds hit one-year and eight-month highs respectively as traders continued to play reflation trades.<\/p>\n<p>The British pound was holding the $1.40 line after reaching 1.4043, its highest since April 2018, as Prime Minister Boris Johnson charts a path out of lockdowns on the back of rapid vaccinations.<\/p>\n<p>The Aussie rose as much as 0.5% to an almost three-year high of $0.7908 before letting the dollar come back to 0.7864.<\/p>\n<p>The kiwi hit $0.7338, also its best since early 2018, helped by S&amp;P\u2019s upgrade of New Zealand\u2019s sovereign credit ratings by a notch, but also saw the greenback gradually pare most losses.<\/p>\n<p>The yen lost 0.33% at 105.78 while the euro lost 0.2% at $1.2095 ahead of a German sentiment survey and a speech at 1345 GMT by European Central Bank President Christine Lagarde.<\/p>\n<p>Commerzbank analyst Ulrich Leuchtmann argued that much at stake for the relationship between the euro and the dollar lies in the growth differential between the two economies.<\/p>\n<p>\u201cWhere EUR-USD is going to go medium-term depends on whether the U.S. economy really will be able to achieve a stronger post-lockdown boom than Europe\u201d, he said, adding he expects the common currency to suffer in that regard in the first half of 2021.<\/p>\n<p>All in all, the U.S. dollar index was up 0.28% at 90.543.<\/p>\n<p>In the cryptocurrency market, bitcoin eased from the record high of $58,354.14 hit during the weekend, retreating to $56,039.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/global-forex\/forex-dollar-pares-losses-as-reflation-trade-sends-yields-higher-idUSL1N2KS0IQ\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; The U.S. dollar pared losses in early European trading after hitting multi-year lows against sterling and the Australian and New Zealand currencies [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":107632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dollar pares losses as reflation trade sends yields higher - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/dollar-pares-losses-as-reflation-trade-sends-yields-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar pares losses as reflation trade sends yields higher - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) &#8211; 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