The fall in the yield of US Treasury bonds only restrains the growth of the dollar.
Yesterday Donald Trump was given a list of possible candidates for the post of head of the Fed, to replace Janet Yellen who is about to vacate her position shortly. This somewhat shook the course of the reserve currency, due to the fact that the new head of the Fed may have less hawkish positions than expected. On Thursday morning, during the Asian session, the dollar continued to grow against the basket of major currencies and at the moment the dollar index is 93.35, falling from an 11-week high.
According to IHS Markit, the cumulative index of supply managers in the eurozone rose to 56.7 in September, the strongest level in four months. In the eurozone we are now waiting for the publication of the minutes of the ECB meeting on monetary policy for September. In addition, the referendum of Catalonia and the popular unrest in Spain continue to have a negative impact on the exchange rate of the single currency.
For more information on the release of new indices and data, see our Economic Calendar.
