* Stocks at record highs sap demand for safest assets
* Bitcoin trades near $57,000 after weekend plunge
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
By Kevin Buckland
TOKYO, April 19 (Reuters) - The dollar was pinned near a
one-month low to major peers on Monday, with Treasury yields
hovering near the lowest in five weeks, after the U.S. Federal
Reserve reiterated its view that any spike in inflation was
likely to be temporary.
The safe-haven greenback was also held down by improved risk
sentiment amid a rally in global stocks to record highs.
Bitcoin BTC=BTSP nursed losses from Sunday, when it
plunged by as much as 14% to $51,541, which a report attributed
to news of a power outage in China. It last traded around
$57,020.
The dollar index =USD , which tracks the currency against
six rivals, was at 91.684, not far from the low of 91.484 marked
last week, a level not seen since March 18.
The greenback bought 108.74 yen JPY=EBS , near the lowest
since March 24.
The euro changed hands at $1.19565 EUR=EBS , near the
highest since March 4.
"The fixed income market will dominate my world this week,"
with the risk currently skewed to further yield declines,
pressuring the dollar, Chris Weston, head of research at
Pepperstone Markets Ltd, a foreign exchange broker based in
Melbourne, wrote in a client note.
Wall Street's gains amid low volatility "should keep USD
rallies contained and attract further USD sellers," he wrote.
Benchmark 10-year yields US10YT=RR could fall to as low as
1.47%, from around 1.56% currently, according to Weston.
Key technical points are 91.30, the March 18 low, for the
dollar index, and $1.2000 for euro, which could trigger a run to
$1.22, he said.
The 10-year Treasury yield sank to as low as 1.5280% last
week, from a more-than-one-year high of 1.7760% at the end of
last month, reducing the appeal of the United States as an
investment.
The S&P 500 .SPX closed at a record high on Friday,
extending a rally in global stocks.
Fed Governor Christopher Waller said on CNBC on Friday that
the U.S. economy "is ready to rip" as vaccinations continue and
activity picks up, but a rise in inflation is likely to be
transitory, echoing comments from other Fed officials including
Chair Jerome Powell over the past week. Bitcoin continued its retreat from the record high of
$64,895.22 reached on April 14 with its weekend plunge.
Data website CoinMarketCap cited a blackout in China's
Xinjiang region, which reportedly powers a lot of bitcoin
mining, for the selloff. Analysts at National Australia Bank cited "speculation in
several online reports" that the U.S. Treasury may crack down on
money laundering within digital currencies for the sharp move
lower.
The bitcoin rout also followed a decision on Friday by
Turkey's central bank to ban the use of cryptocurrencies for
purchases. Despite recent weakness, the world's most popular
cryptocurrency remains up 97% in 2021, after more than
quadrupling last year.
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Currency bid prices at 110 GMT
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR=EBS $1.1955 $1.1983 -0.23% -2.15% +1.1978 +1.1954
Dollar/Yen JPY=EBS 108.7370 108.8100 -0.05% +5.29% +108.8200 +108.6600
Euro/Yen
Dollar/Swiss CHF=EBS 0.9210 0.9201 +0.11% +4.11% +0.9210 +0.9205
Sterling/Dollar GBP=D3 1.3815 1.3850 -0.22% +1.15% +1.3840 +1.3814
Dollar/Canadian CAD=D3 1.2520 1.2510 +0.08% -1.68% +1.2520 +1.2505
Aussie/Dollar AUD=D3 0.7712 0.7734 -0.25% +0.29% +0.7730 +0.7712
NZ NZD=D3 0.7125 0.7148 -0.29% -0.76% +0.7141 +0.7117
Dollar/Dollar
All spots FX=
Tokyo spots AFX=
Europe spots EFX=
Volatilities FXVOL=
Tokyo Forex market info from BOJ TKYFX
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World FX rates https://tmsnrt.rs/2RBWI5E
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