Tuesday, 16 October 2018
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Dollar Slips as Rally Loses Momentum
Tuesday, 22 May 2018 15:58 WIB | CURRENCIES |DOLLAR Indeks Dolar Euro

The dollar fell on Tuesday from a five-month high, losing momentum after a broad rally prompted by rising U.S. bond yields and relief at an easing in U.S.-China trade tensions.

The dollar's index against a basket of six major currencies last traded at 93.367 .DXY, down from a five-month high of 94.058 set on Monday.

The prospect of a resolution to the U.S.-China trade tensions on Monday bolstered the dollar.

But a pull-back in U.S. 10-year Treasury yields from seven-year highs set last week has encouraged traders to take some profits on their bullish dollar bets, said Gavin Friend, senior markets strategist at NAB in London.

The euro rose 0.3 percent to $1.1827 EUR=EBS, after earlier falling to its lowest level since around mid-November.

Source : Reuters

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