© Reuters. File photo: In this photo illustration in Tokyo on February 28, 2013, you can see a US hundred dollar bill and a Japanese 10,000 yen banknote. REUTERS/Shohei Miyano/File Photo
Author: Gertrude Chavez-Dreyfus
NEW YORK (Reuters)-The U.S. dollar climbed to a three-month high in safe-haven buying on Tuesday as investors remain concerned about a rapidly spreading variant of the coronavirus that may inhibit global economic growth.
Commodity currencies related to risk appetites such as the Australian dollar and New Zealand dollar have performed poorly, and investors have chosen to hedge or stay on the sidelines because there is renewed concern about this highly contagious Delta variant, which is now the world’s major strain of coronavirus.
The number of infections in the United States has skyrocketed, especially in regions where vaccination is lagging behind.
The U.S. dollar is rising because the difference in yields is not good for it. The yield on the benchmark 10-year US Treasury note fell to a five-month low below 1.20% on Monday, amid renewed doubts about a strong economic rebound following the pandemic. [US/]
Carl Shamota, chief market strategist at Cambridge, said: “The changes in relative growth expectations are weakening capital outflow from the United States and increasing the attractiveness of dollar-denominated investments.” Global payment (New York Stock Exchange:) In Toronto.
“At the same time, the liquidation of speculative positions is forcing short positions in the currency market-pushing the dollar up,” he added.
In afternoon trading, an indicator that measures its value to six major currencies rose 0.1% to 92.961 after hitting a three-month high of 93.161 early in the session.
Data show that the number of new housing starts in the United States increased by 6.3% last month, with an annual rate of 1.643 million units adjusted for seasonal factors, and the foreign exchange market has not responded much.
Juan Perez, a foreign exchange strategist, said: “I think the dollar’s safe-haven strengthening is worth it, because global progress is not optimistic compared to the situation in the first quarter, so now all valuations and high growth expectations have been correct. Questioned.” A trader at Tempus Inc in Washington.
In other currencies, the euro fell 0.2% to US$1.1780 against the US dollar, after falling to the lowest level of US$1.1755 since the beginning of April before the European Central Bank made a policy decision on Thursday.
The British pound was also one of the biggest losers. The British pound fell 0.4% to $1.3607, as Boris Johnson’s “Freedom Day”-which ended more than a year of COVID-19 lockdown restrictions in the UK-was affected by a surge in infections.
The Australian dollar fell to its lowest point since the end of November against the U.S. dollar, and was last down 0.2% to 0.7331 US dollars.
As the minutes of the Reserve Bank of Australia’s policy meeting this month were regarded by some economists as the central bank’s decision to withdraw its stimulus measures, the decline was widespread.
Among cryptocurrencies, Bitcoin fell to $29,296.39, which is the lowest level since June 22. It finally fell 3.4% to US$29,779. Competitor Ethereum fell 1.5% to $1,789.32.
Currency purchase price at 2:51 pm (1851 GMT)
Describe the last U.S. closing percentage change of RIC YTD percentage high bid low bid
U.S. dollar index 92.9550 92.8770 +0.10% 3.305% +93.1720 +92.7990
EUR/USD $1.1783 $1.1800 -0.14% -3.56% +$1.1803 +$1.1755
USD/JPY 109.8250 109.4550 + 0.34% + 6.29% +109.9500 +109.3350
EUR/JPY 129.40 129.15 +0.19% +1.95% +129.4600 +128.6100
USD/Switzerland 0.9211 0.9181 +0.34% +4.12% +0.9232 +0.9174
GBP/USD $1.3627 $1.3673 -0.34% -0.26% +$1.3689 +$1.3573
USD/CAD 1.2695 1.2746 -0.40% -0.31% +1.2787 +1.2695
AUD/USD 0.7331 USD 0.7348 USD -0.24% -4.71% +0.7357 USD+0.7300 USD
Euro/Switzerland 1.0853 1.0831 +0.20% +0.43% +1.0857 +1.0822
EUR/GBP 0.8645 0.8626 +0.22% -3.27% +0.8669 +0.8621
New Zealand Dollar 0.6922 USD 0.6944 USD -0.32% -3.61% +0.6954 USD +0.6882 USD
USD/Norway 9.0055 8.9560 +0.56% +4.88% +9.1020 +8.9545
Euro/Norway 10.6140 10.5575 +0.54% +1.40% +10.7038 +10.5326
USD/Sweden 8.7038 8.6857 +0.08% +6.19% +8.7336 +8.6761
Euro/Sweden 10.2553 10.2475 +0.08% +1.78% +10.2692 +10.2380