Yen remains at least five weeks before less pessimism about the economy


Illustration of dollar and yen bills, June 22, 2017. REUTERS / Thomas White / Illustration

LONDON (Reuters) – The yen remained at a minimum of five weeks against the dollar on Tuesday, as rising US Treasury bond yields encouraged investors to cut their bearish bets against the global economy .

* Currencies associated with commodities such as Australia and New Zealand dollars also rose, amid a surge in global markets while investors wait for the European Central Bank to announce a more expansive monetary policy at its meeting this week.

* The return of the German bund to 30 years went on positive ground for the first time in more than a month, while the yields of the reference debt of the US Treasury rose to a maximum of three weeks because investors were inclined to higher risk assets.

* The higher yields of US Treasuries also boosted the dollar against a basket of rival currencies, breaking a four-session losing streak.

* The Japanese currency JPY = EBS fell to a minimum of five weeks against the dollar, to 107.50 yen.

* Recent data has eased part of the pessimism about the global economy. In the last week, the Citi Economic Surprise Index for the United States entered positive territory for the first time since February and its equivalent in the United Kingdom for the first time since June. The aggregate index G10 is on the verge of operating in blue and is at its peak of the year.

* The euro EUR = EBS was quoted almost flat at $ 1,104. During operations in Asia, it hit a maximum of $ 1.1067 after Reuters reported that Germany could create public investment agencies to increase fiscal stimulus without breaking national spending rules. (NL2N2600L0)

* The GBP = D3 sterling also operated unchanged, after the UK Parliament voted to block Prime Minister Boris Johnson's attempt to call an early election, forcing him to promise that he would seek to reach an agreement on Brexit at the summit of the European Union next month.

Saikat Chatterjee Report; Edited in Spanish by Ricardo Figueroa

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