April 21th, European session
At the auctions in Europe, the New Zealand dollar and the Canadian are in positive territory. Since the opening of the trading session, the euro has increased losses on Tuesday. The euro fell to 1.1999. The US dollar has been supported by a moderate rise in US Treasury yields as well as an increase in COVID cases in India.
The British pound rate fell to 1.3910. The decline has stalled after the release of data on consumer inflation in the UK, which showed that the general consumer price index rose by 0.3% m / m in March and 0.7% y / y against the forecast of 0.3% m / m and 0. 8% y / y.
The decline in the EUR/USD and GBP/USD pairs is temporary. The yield on 10-year US bonds fell to 1.56%. Market participants are watching the level of 1.55%. If it fails, the dollar will continue to weaken. Major currencies will move to Monday highs.
Posted Using LeoFinance Beta
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