US dollar spot price down to $1.27 – Dollar Spot
Dollar Spot is down to about $1 per $1 spent in the US, according to data released by the US Commodity Futures Trading Commission on Thursday.
The US dollar was last down by more than $1 in late June and is now up by less than 1 per cent.
The benchmark US Treasury yield is currently at 0.75 per cent, down from 1.75per cent a week ago.
Read more about dollar spot:The price for US Treasuries fell from $1,275.10 in late April to $831.35 in late August, while the yield on the 10-year US Treasury note fell to 1.69 per cent from 1 per the previous week.US Treasurys rose by a total of 1.7 per cent in the week ending September 12.
That was more than the 0.6 per cent rise in the overall US economy.US central banks have been buying and selling dollars since the Federal Reserve began its first round of bond buying in January 2015.
The Federal Reserve announced in December that it was reducing its purchases to $75 billion and would keep buying $75 trillion a year for another year.