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The US dollar today strengthened again at a positive level driven by stability in treasury yields. However, investors are still seeing that the currency remains bearish in the near term.
The US dollar index, which measures the greenback against the major, recorded an increase of 0.21% to the exchange rate of 90,260 after declining more than 0.5% during the week.
Elsewhere, the Euro, which recorded a strong strengthening against the US dollar, lost its position by 0.37% to 1.2161 as of 10.00 p.m. The GBP, however, maintained a positive trend against the US dollar after the BoE governor, had no inclination towards negative rates.
The Australian and New Zealand dollars fell 0.5% and 0.5%, respectively, with the Aussie hitting $ 0.7734 and the Kiwi at $ 0.7181.
Analysts believe the US dollar is still showing a downward trend as long as the prospect of a global economic recovery remains.
U.S. Inflas in December rose to 1.4% .The market will focus on the speech of the Governor of the Fed and the Vice Chairman on Thursday in the announcement of the Beige Book.
