Taruhan FOREX-Recovery mendorong dolar ke posisi terendah baru


    * Aussie, kiwi make three-year peaks
    * Sterling gains as lockdown finish-line comes in to view
    * Rising U.S. yields drag on Japanese yen
    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

    By Stanley White and Tom Westbrook
    TOKYO/SINGAPORE, Feb 22 (Reuters) - The U.S. dollar was sold
to multi-year lows against sterling and the Australian and New
Zealand currencies on Monday, as investors cheered vaccine
progress and wagered on the pandemic recovery bringing a global
trade boom and an export windfall.
    The British pound hit $1.4043, its highest since
April 2018, as Prime Minister Boris Johnson charts a path out of
lockdowns on the back of rapid vaccinations.
    The Aussie rose as much as 0.5% to an almost
three-year high of $0.7908 and the kiwi hit $0.7338,
also its best since early 2018, helped by S&P's upgrade of New
Zealand's sovereign credit ratings by a notch.
    The euro was steady at $1.2119, while the yen
 was the only major to cede ground to the greenback as
rising U.S. Treasury yields drew investment flows from Japan. 
    Benchmark 10-year Treasury yields rose to
1.3940%, their highest since Feb. 2020 and the dollar was up
0.2% to buy 105.73 yen.
    With local yields anchored by the Bank of Japan, the yen
remains particularly sensitive to the U.S. bond market, and has
dropped 2% this year while U.S. ten-year yields have climbed
nearly 50 basis points.
    Sovereign yields elsewhere in Asia have gained in tandem, or
in the case of Australia and New Zealand far in excess of U.S.
rates, leaving little or no relative benefit for the dollar, as
investors begin to price in a pickup in global inflation.
    "There's a tide of higher rates across the board, and
whether the U.S. does an extra five basis points than Germany is
neither here nor there," said Jason Wong, senior market
strategist at BNZ in Wellington.
    "The bigger picture is (the United States) has got massive
debt issuance for stimulus and to find a buyer for that debt you
either need higher rates or a lower currency or both, and at the
moment we're getting both."
    The U.S. dollar index was steady at 90.355.
    
    HOT COMMODITY
    Besides the U.S. budget deficit, a growing trade deficit has
also weighed on the dollar, as have the large gains that rising
commodity prices have delivered to exporters' currencies.
    Copper has gained roughly 8% for the year and hit a
nine-year peak on Monday, oil has gained more than 22% for the
year to date, iron ore about 10% and dairy prices nearly 7%.
    The Aussie dollar, which rose nearly 40% from last March's
trough through to the end of 2020 has added another 2% this
year, while the kiwi and Canadian dollar have added 1% or more
and analysts said the rallies might have further to run.
    "We are recommending a long AUD/USD trade idea," said
analysts at MUFG Bank in a note to clients. "The Aussie is
continuing to benefit from the outperformance from building
optimism over the global growth/reflation outlook which is
helping to improve Australia's terms of trade."
    The bank also recommends a long sterling position as
diminished Brexit uncertainty and solid progress in vaccinating
the British population herald a strong economic recovery.
    Ahead on Monday, British Prime Minister Johnson is expected
to outline a roadmap out of lockdowns, a German sentiment survey
is due and European Central Bank President Christine Lagarde is
expected to sound dovish in a speech beginning at 1345 GMT.
    Later in the week, the New Zealand central bank sets policy
on Wednesday and then U.S. Federal Reserve Chairman Jerome
Powell testifies before Congress, also on Wednesday.
    In the cryptocurrency market, bitcoin eased
slightly to $56,159, but was still near a record high as the
digital asset gains more mainstream acceptance.
    Ether, a rival cryptocurrency, fell to $1,871.
    
    ========================================================
    Currency bid prices at 0415 GMT
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar                  $1.2121        $1.2118     +0.03%         -0.79%      +1.2135     +1.2110
 Dollar/Yen                   105.6400       105.4900    +0.14%         +2.28%      +105.7350   +105.5050
 Euro/Yen                     128.04         127.75      +0.23%         +0.88%      +128.1300   +127.7000
 Dollar/Swiss                 0.8975         0.8965      +0.16%         +1.49%      +0.8979     +0.8962
 Sterling/Dollar              1.4020         1.4001      +0.11%         +2.60%      +1.4051     +1.4012
 Dollar/Canadian              1.2607         1.2619      -0.09%         -0.99%      +1.2617     +1.2581
 Aussie/Dollar                0.7876         0.7868      +0.11%         +2.39%      +0.7908     +0.7864
 NZ                           0.7307         0.7297      +0.18%         +1.80%      +0.7337     +0.7292
 Dollar/Dollar All spots
Tokyo spots
Europe spots 
Volatilities 
Tokyo Forex market info from BOJ

    
 (Reporting by Stanley White in Tokyo and tom Westbrook in
Singapore; Editing by Sam Holmes)
  

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