What you need to know on Wednesday, March 31: The American currency surged against all of its major rivals, once again led by US Treasury yields. That on the 10-year note hit 1.77% its highest since January 2020. The dollar was also supported by upbeat local consumer confidence, retaining its strength throughout the American session despite yields retreated and US indexes traded with a sour tone. Investors await US President Joe Biden’s speech this Wednesday. He is expected to announce an up to $3 trillion infrastructure investment program, which may also include taxes hikes. Hopes are that his announcement will boost an economic comeback in the country. EUR/USD trades near a fresh 2021 low of 1.1710, while the GBP/USD pair settled at around 1.3720. The pound is partially resilient to the dollar’s strength, as the UK continues applying its reopening plan amid an improvement in the coronavirus situation in the country. Gold prices tumbled, with the bright metal setting at $ 1,683 a troy ounce. Crude oil prices fell, weighed by equities, with WTI finishing the day at around $ 60.40 a troy ounce. Top 3 Price Prediction Bitcoin, Ethereum, Ripple: PayPal bolsters mainstream adoption supporting cryptocurrency payments FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD consolidating in the $1680s after cratering below $1700 FX Street 8 months What you need to know on Wednesday, March 31: The American currency surged against all of its major rivals, once again led by US Treasury yields. That on the 10-year note hit 1.77% its highest since January 2020. The dollar was also supported by upbeat local consumer confidence, retaining its strength throughout the American session despite yields retreated and US indexes traded with a sour tone. Investors await US President Joe Biden's speech this Wednesday. He is expected to announce an up to $3 trillion infrastructure investment program, which may also include taxes hikes. Hopes are that his announcement will… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
