Economy Country October 28, 2024

Dollar Records Monthly Gains with Yen Decline

The dollar is on the path to achieving monthly gains due to the rise in US treasury yields, while the yen is witnessing a decline to its lowest levels in three months.


Dollar Records Monthly Gains with Yen Decline

The dollar is heading towards monthly growth due to the increase in the income of American securities, while the yen has fallen to its lowest level in three months.

Experts note that in the background of confidence in the strength of the American economy, investors prefer to buy assets denominated in dollars. The increase in the income of American securities exerts pressure on other currencies.

According to analysts, the Japanese yen is under pressure due to the difference in percentage rates between the USA and Japan. "Investors are increasingly inclined to sell yen due to the higher income from American securities," say the experts.

"Our assumption is that the dollar will remain stable in the long-term future, may help keep it buoyant," they add.