Dollar Drops Amid Thin Flows on Iran Ceasefire Hope: Inside G-10
The post Dollar Drops Amid Thin Flows on Iran Ceasefire Hope: Inside G-10 appeared first on Monex USA.
- Dollar trims losses after report that Iran has rejected latest US ceasefire proposal
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President Donald Trump scheduled to give press conference later Monday, according to public schedule
Earlier, ISM data showed the US service economy expanded in March at a slower pace as employment shrank by the most since 2023 and input prices accelerated sharply
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“Prices paid being that high does indicate that we are likely facing higher inflation, which at the very least reinforces keeping interest rates on hold, if not hiking, but CPI on Friday will be major indicator there,” said Andrew Hazlett, a foreign-exchange trader at Monex Inc
Treasury yields mixed with 10-year little changed at 4.33%; US stocks advance at cash open
GBP/USD up 0.4% to 1.3248; EUR/USD up 0.3% to 1.1554
USD/JPY is little changed at 159.58
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The Bank of Japan avoided fueling market expectations over the likelihood of a rate hike this month by keeping its signaling from two quarterly regional economic reports highly nuanced
USD/SEK down 0.8% to 9.4064; AUD/USD gains 0.4% to 0.6923