Dollar choppy after Fed statement, Evergrande exhale lifts risk-sensitive currencies
The U.S. dollar was choppy on the heels of the latest policy announcement by the Federal Reserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan strengthened after China’s Evergrande said it would make a bond coupon payment.
The dollar index rose 0.094%, alternating between gains and declines after the announcement, with the euro down 0.1% to $1.1711.
The safe-haven Japanese yen weakened 0.50% versus the greenback to 109.78 per dollar in the wake of the Bank of Japan’s decision to keep policy on hold.
Sterling was last trading at $1.3637, down 0.16% on the day ahead of a policy announcement by the Bank of England on Thursday, with expectations for a rate hike being pushed down the road by investors.
In cryptocurrencies, Bitcoin last rose 6.93% to $43,409.48 following three straight days of declines.
TREASURIES-Treasury yields see-saw as Fed to 'soon' reduce bond buying
The yield on 10-year Treasury notes fell, rose and fell again in choppy trade. The benchmark note was last down 2 basis points at 1.304%, while yields at the longer end fell further.
Reference: CNBC, Reuters
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