U.S. dollar lifted by bond yields and subsiding global tension 

The U.S. dollar hovered close to a two-week high against its major peers on early Monday, following higher yields and easing geopolitical tensions. The index which measures the value of the greenback against its major opposing currencies, the dollar index, closed at 90.445. It got closer to a two-week high of 90.477 on the previous session. Looking at its Japanese counterpart, the dollar reached its highest level in two months of 107.89 yen. 

This came in after the U.S. Federal Reserve said it would go for an interest hike sooner this year, pushing Treasury yields higher by 2.968 percent and strengthening the dollar. In addition, last Saturday, North Korea said that it would scrap its nuclear test sites, suspend missile tests, and pursue economic growth and peace. These remarks came in before a possible summit with the United State. The easing tension in the Korean Peninsula also helped the dollar. 

Oil futures remained relatively stable with minor declines, but rising U.S. oil rig count may drive the black gold to the red zone 

The price of oil was almost unmoved on Monday after higher rig count in the U.S. signaled an increase in production. U.S. West Texas Intermediate (WTI) crude prices lost about 3 cents and closed at $68.37 per barrel. London Brent crude was stable at $74.07 a barrel.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.