{"id":110218,"date":"2021-03-22T20:54:36","date_gmt":"2021-03-22T20:54:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=110218"},"modified":"2021-03-22T20:54:36","modified_gmt":"2021-03-22T20:54:36","slug":"dollar-falters-along-with-yields-on-u-s-treasuries","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/dollar-falters-along-with-yields-on-u-s-treasuries\/","title":{"rendered":"Dollar falters, along with yields on U.S. treasuries"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; The U.S. dollar stumbled from four-month highs against a basket of currencies on Monday, in line with a dip in U.S. Treasury yields.<\/p><figcaption class=\"Slideshow-description-447Md\">Slideshow <span>( 2 images )<\/span><\/figcaption><p>A crisis with the Turkish lira over the weekend remained largely contained in emerging markets.<\/p>\n<p>The dollar index fell about 0.35% to 92.09, following last week\u2019s gain of 0.5%.<\/p>\n<p>The yield on U.S. Treasuries fell off 14-month highs on Monday and was last down at 1.682%, but remained near one-year highs as investors bet on an economic recovery.<\/p>\n<p>Yields had jumped after the Federal Reserve last week said the U.S. economy was on track for strong growth. Investors are now looking ahead to a Treasury auction later this week, which could send yields rising again if demand is anemic, analysts said.<\/p>\n<p>Over the weekend, Turkish President Tayyip Erdogan\u2019s surprise replacement of a hawkish central bank governor with a critic of high interest rates dragged the lira down as much as 15% to 8.485 against the dollar.<\/p>\n<p>\u201cOne of the key stories today is that the sell-off in the Turkish lira didn\u2019t have any major ripple effects,\u201d said Axel Merk, portfolio manager at Merk Hard Currency Fund in Palo Alto, California. \u201cWe have (Fed Chair) Jerome Powell speaking several times this week, and he\u2019ll continue the story line from last week, which in my view means that Treasury yields will be contained, which is a negative for the dollar.\u201d<\/p>\n<p>Turkey\u2019s surprise decision to replace its hawkish central bank governor supported the dollar\u2019s safe-haven appeal.<\/p>\n<p>Even with the greenback\u2019s dip on Monday, markets have been slow to catch on to the rising dollar theme in recent weeks as investors had bet a global economic recovery would prompt buying of riskier currencies.<\/p>\n<p>The Turkish lira stood at 7.75 per dollar. The lira slumped 10% on Monday, the worst plunge since 2018.<\/p>\n<p>The pound was roughly flat against the dollar as investors focused on broader currency market drivers and the European Union&#8217;s threat to impose a ban on vaccine imports to Britain. (Graphic: FX positions, )<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/global-forex\/forex-dollar-falters-along-with-yields-on-u-s-treasuries-idUSL1N2LK24Z\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; The U.S. dollar stumbled from four-month highs against a basket of currencies on Monday, in line with a dip in U.S. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":110217,"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 falters, along with yields on U.S. treasuries - 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-falters-along-with-yields-on-u-s-treasuries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar falters, along with yields on U.S. treasuries - Fin2me\" \/>\n<meta property=\"og:description\" content=\"NEW YORK (Reuters) &#8211; 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