Pound To US Dollar Rate Rallies Back To 1.22 On Bullish Market Mood
The Pound US Dollar (GBP/USD) exchange rate strengthened notably during Thursday’s session, as an upbeat market mood dented the safe-haven US Dollar (USD). At the time of writing, GBP/USD traded at around US$1.2198, an increase of just over half a percent from Thursday’s opening rates. US Dollar (USD) Exchange Rates Weaken amid Cheery Market Mood: The US Dollar (USD) weakened over the course of Thursday’s session, as risk appetite began to increase amongst investors. Because of this, the safe haven ‘Greenback’ was unable to gain much ground against riskier assets, such as the Pound. Furthermore, the final ... (full story)
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This comes as Japanese yields continue to nudge higher all through this week, with 10-year JGB yields touching 0.77% today: chart Since the BOJ allowed for yields to roam above the 0.50% mark, bond sellers haven't really let up and I reckon that policymakers still want to manage expectations somewhat so as to not let it roam towards the 1.00% mark too quickly. post: Japan’s 30-Year Bond Yield Reaches Highest Level Since 2013 - BBG https://t.co/IQoumMAncz
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