#dollar
$USD
Fed Governor Christopher Waller said Friday that the US economy “is ready to rip” as vaccinations continue and activity picks up, but a rise in inflation is likely to be transitory, echoing comments from other Fed officials including Chairman Powell over the past wk.
The USD is pinned near 1-month lows to major peers in Asia Monday, with US Treasury yields near the lowest in 5 wks, after the Fed reiterated its dovish view that any spike in inflation was likely to be temporary.
The safe-haven greenback was also held down by improved risk sentiment amid a rally in global stocks to record highs.
Bitcoin saw colocalization Sunday, when it fell 14% to 51,541. It bounced and last traded around 57,020.
.DXY, which tracks the currency against 6 peers, was at 91.623, not far from the low of 91.484 marked last wk, a mark not seen since 18 March.
The Buck bought 108.655 JPY, near the lowest since 24 March.
EUR changed hands at $1.1958, near the highest since 4 March.
Benchmark 10-year Treasury yields could fall to as low as 1.47%, from around 1.57% currently.
Have a healthy week, Keep the Faith!
