FOREX-Dollar steadies near seven-week lows; euro holds above $1.20 ...Middle East

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FOREX-Dollar steadies near seven-week lows; euro holds above $1.20
source : Devdiscourse ( Middle East ) () 33
The dollar steadied in the European session, after hitting its lowest in nearly seven weeks during the Asian session, helped by optimism about the pace of vaccine rollout in Europe and U.S. Treasury yields remaining below their March spikes. The dollar has fallen so far in April as U.S. bond yields retreated from the 14-month highs touched last month. The moves are a reverse of what happened in the first quarter of the year, when the dollar strengthened as U.S. Treasury yields rose, offering higher returns on the greenback.

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