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23rd Feb 2021
Dalmas Ngetich, for CryptoAltum News Team

USD Fell, NZD, AUD, and JPY outperform as Bond Yields Rise

The USD on Monday fell broadly against the major despite last week being a mixed bag with fluctuating valuation across the USD, sentiment-sensitive AUD, and NZD. At the same time, the JPY bounced strongly last week, reversing mid-week gains of the greenback. Of note, the USD's losses came when treasury yields rose to a one-year high but shrinking sharply in the New York Session.


The greenback is balancing on edge and likely to tip on either way. Analysts expect a deluge of Coronavirus vaccine administration after the freeze, while inflation fears could taper if targets are missed. Already, the FED thinks inflation talks are overblown, and the economy, regardless of optimism, needs support. Meanwhile, full employment to pre-pandemic levels will be reached in 2022 once the unemployment rate falls below the FED's target of two percent.

Impact on the USD: 

Neutral. The USD's performance depends on market sentiment and the implementation of economic data. If the virus is handled well, inflation remains low, and the GDP increases, the USD may rally, lifting the global economy but in the end throttling USD gains.

More market news over on our Blog

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