Dollar and commodity-related currencies fall due to oil and corona
Dollar and commodity-related currencies fall due to oil and corona
09 Mar
09Mar
The US dollar fell against both the euro and the yen on Monday morning, just as oil fell, bond yields fell to the US treasury to large lower levels and oil prices collapsed this morning due to the Kingdom of Saudi Arabia after pledging to reduce the price of crude and increase production after the failure in the OPEC agreement to cut production
Traders and investors rushed to obtain bonds as a safe haven for them, so the 30-year bond yield fell to 1% and for ten years less than 0.5%, knowing that the bonds were a feature that attracted investors to the US dollar
The US dollar bleed this morning against the strong Japanese yen, and the USD / jpy chart hit a price level of 101.58, the lowest level for the past 3 years, as the US dollar fell against the Australian and New Zealand counterparts by nearly 2%.