- Analytics
- News and Tools
- Market News
- European session review: USD appreciates as U.S. Treasury yields climb
European session review: USD appreciates as U.S. Treasury yields climb
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:45 | France | Consumer confidence | March | 91 | 91 | 94 |
| 07:00 | Switzerland | KOF Leading Indicator | March | 102.6 | 104.6 | 117.8 |
| 09:00 | Eurozone | Industrial confidence | March | -3.1 | 2 | |
| 09:00 | Eurozone | Consumer Confidence | March | -14.8 | -10.8 | -10.8 |
| 09:00 | Eurozone | Economic sentiment index | March | 93.4 | 96 | 101 |
USD rose against its major counterparts in the European session on Tuesday as rapid vaccinations and the prospect of more stimulus in the U.S. pushed inflation expectations and the U.S. Treasury yields higher.
Benchmark 10-year Treasury note yields are trading at 1.764% at the moment after surging to a fresh 14-month high of 1.776% in overnight trading. On this background, the U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, passed the 93.00-mark for the first time since early November. The DXY is currently trading at 93.21, up 29%.
Investors awaited details of the U.S. President Joe Biden's plan to boost infrastructure spending as part of a $3 trillion stimulus deal, set to be unveiled on Wednesday.
In addition, market participants continued to weigh the fallout from the defaults of the U.S. hedge fund Archegos Capital.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
