The dollar`s strength made investors to shift their funds to the United States of America
Wednesday, in the currency market trading, the dollar rose by 0.3 percent against the Yen. Sharp gains in U.S. bonds yields have attracted more investments in the dollar, and the dollar is now 0.5 percent away from its highest level in 13 years. On the other hand, Yuan weakened to the dollar, being at its lowest since December 2008.
FTEU3 was up 0.2 percent, asseverated by commodity-related stocks.
Germany's DAX was influenced by the Bayer's 5% fall. GDAXi fell 0.2 percent. This happened after the drug-maker had to pay 4 billion euros of mandatory convertible notes.
MSCIEF, that previously had fallen 7 percent in the previous sessions, extended its gains Wednesday. This shows that the dollar's strength made investors to shift their funds to the United States of America.
Dow Jones, rose by 0.29 percent and reached a record closing, compared to the S&P 500, that gained 0.75 percent. This happened because the U.S. shares rose, while the U.S. bonds prices went down, fact that made their yields going up sharply.
Experts say that, while Donald Trump's plans gives an inflationary impulse, the force at work is different, and this thing can affect the American fiscal stimulus in a negative way.
Even though the dollar has power over the world economy, this might be lost soon.
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On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
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