* Greenback index surpasses two-week excessive
* U.S. treasury yields steady after Powell testimony
* Graphic: World FX charges https://tmsnrt.rs/2RBWI5E (Provides quote, recasts with greenback transfer)
By Jessica DiNapoli and Elizabeth Howcroft
NEW YORK, March 23 (Reuters) – The rose in opposition to a basket of most main currencies on Tuesday, surpassing a two-week excessive, whereas yields on U.S. Treasuries slipped as U.S. Federal Reserve Chair Jerome Powell informed Congress inflation is not going to get out of hand.
The greenback index was final up 0.65% at 91.8, reversing course from Monday when it dipped however hovered beneath four-month highs, as buyers sought secure havens. =USD
Yields on U.S. Treasuries additionally slipped once more, at 1.624% . Earlier Tuesday, the Treasury drew stable demand for two-year notes, with buyers looking forward to auctions for longer-dated notes later within the week. extra in regards to the fundamentals,” mentioned Juan Perez, a forex dealer and strategist at Tempus Inc. “(We) have a ton of knowledge to digest beginning tomorrow.”
Perez mentioned the greenback’s rise on Tuesday exhibits “in the end we’re simply not out of this factor,” referring to the COVID-19 pandemic.
The greenback index has gained round 2.4% up to now in 2021 as buyers see the comparatively fast rollout of COVID-19 vaccines and stimulus spending in the US as boosting financial development.
However there was a cautious tone in world markets, with most U.S. shares tumbling on Tuesday.
Contributing to market warning was a 3rd wave of the COVID-19 pandemic in Europe. Germany is extending its lockdown and urging residents to remain at dwelling over the Easter holidays. was down 0.71% at $1.1847 .
The New Zealand greenback fell on new measures to chill the housing market, dropping to a three-month low in opposition to the U.S. greenback NZD=D3 .
It was down about 2.27% on the day at 0.70.
The drop was triggered by the New Zealand authorities introducing measures to curb hypothesis on its red-hot housing market, the place home costs have risen 23% in 12 months. The Australian greenback – thought-about a liquid proxy for danger – additionally took successful and was down 1.54% at 0.763 versus the U.S. greenback AUD=D3 . lira stabilized considerably, having plunged 7.5% on Monday after President Tayyip Erdogan sacked the hawkish central financial institution chief. It was up round 1.79% in opposition to the U.S. greenback TRYTOM=D3 .
Foreign money bid costs at 4:02PM (2002 GMT) Description
RIC
Final
U.S. Shut Pct Change
YTD Pct
Excessive Bid
Low Bid
Earlier
Change
Session
Greenback index
=USD
92.3490
91.7980
+0.61%
2.632%
+92.3620
+91.7530 Euro/Greenback
EUR=EBS
$1.1847
$1.1932
-0.71%
-3.04%
+$1.1941
+$1.1846 Greenback/Yen
JPY=D3
108.5600
108.8250
-0.23%
+5.12%
+108.8650 +108.4450 Euro/Yen
EURJPY=
128.60
129.86
-0.97%
+1.32%
+129.9100 +128.6100 Greenback/Swiss
CHF=EBS
0.9340
0.9233
+1.18%
+5.59%
+0.9344
+0.9234 Sterling/Greenback GBP=D3
$1.3749
$1.3867
-0.85%
+0.63%
+$1.3864
+$1.3748 Greenback/Canadian CAD=D3
1.2587
1.2520
+0.54%
-1.15%
+1.2594
+1.2519 Aussie/Greenback
AUD=D3
$0.7624
$0.7746
-1.57%
-0.89%
+$0.7747
+$0.7624 Euro/Swiss
EURCHF=
1.1065
1.1017
+0.44%
+2.39%
+1.1079
+1.1016 Euro/Sterling
EURGBP=
0.8615
0.8604
+0.13%
-3.60%
+0.8645
+0.8598 NZ
NZD=D3
$0.6995
$0.7162
-2.30%
-2.56%
+$0.7162
+$0.6991 Greenback/Greenback
Greenback/Norway
NOK=D3
8.6300
8.4985
+1.57%
+0.52%
+8.6320
+8.5060 Euro/Norway
EURNOK=
10.2264
10.1356
+0.90%
-2.30%
+10.2317
+10.1381 Greenback/Sweden
8.5928
8.5081
+0.26%
+4.84%
+8.5937
+8.4993 Euro/Sweden
EURSEK=
10.1814
10.1546
+0.26%
+1.04%
+10.1908
+10.1483
https://tmsnrt.rs/2RBWI5E Turkey Lira
https://tmsnrt.rs/3lHvBpB
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