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Yield Of Bonds Increase The Dollar Continued To Climb

Jakarta (Benchmark News) – The U.S. dollar touched the highest level of the last nine months on Monday (14/12/2016) due to the risk of faster inflation trigger increased yield in u.s. bonds.

The dollar is approaching the highest position four months against the yen at 106.85 per yen, while the euro touched its lowest level since March at a level of US $1,0826 per euro.

Meanwhile, the U.S. dollar index which measures the movement of the dollar against other major currencies closed stagnant at level 99.060 on trading Friday last week.

As reported by Reuters, dollar continued to strengthen since the victory of Donald Trump in the U.S. presidential election and sparking sales of bonds. Yield bonds raised 10 years are at the lowest in 10 months on Monday.

The yield spike the safe-haven US bonds threatened to siphon funds from emerging markets, while the risk of a trade war between the United States and China soured in Asia.

“There are signs that yield higher bonds and a strengthening of the U.S. dollar has a domino effect, pressing one of the weakest risky assets before moving to other risky assets,” said Alan Ruskin, head of global foreign exchange at Deutsche, was quoted as saying the Reuters…(Red)

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