Forex Today: Optimism keeps fading, but US Dollar bulls hardly noted – by ValBednarik EURUSD AUDUSD XAUUSD Growth Inflation
The American Dollar gathered some strength in the last trading session of the day, ending the day mixed across the FX board. The greenback benefited from a worsening sentiment following Tuesday’s developments in the Ukraine-Russia war, but also from some fresh macroeconomic news.p announced he will seek another term in the office, launching his Presidential run for 2024.
US Treasury yields reflect renewed growth-related concerns. The yield on the 2-year note is marginally higher, at 4.37%, while the 10-year note pays 3.70%, down roughly 9 bps on the day. The US published anwhich rose by 1.3% MoM in October, better than anticipated. The figure sent stocks down amid speculation inflation may resume its advance, forcing the US Federal Reserve to maintain the aggressive tightening path. The same reason backed yields gain at the shorter end of the curve.
Wall Street spent the day in the red, following the lead of its overseas counterparts. Losses, however, have been limited.on Thursday. The country is expected to have added 15,000 new job positions in the month, while the unemployment rate is foreseen to tick higher, to 3.6% from the current 3.5%. Gold consolidated gains and held within familiar levels, now trading at around $1,773 a troy ounce, while crudeInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Pressure on the US Dollar continuesWhat you need to take care of on Tuesday, November 15: The American Dollar enjoyed some temporal demand at the beginning of the week but quickly resum
Read more »
Forex Today: Sentiment sours, dollar recoversWhat you need to take care of on Wednesday, November 16: It was another volatile day in the FX sphere, with optimism and fears mixing throughout the d
Read more »
Forex Spreads Trading Strategies & TipsThis article will explore top forex spread trading techniques and key tips traders should follow to protect themselves against a widening spread.
Read more »
The New York Session: Forex Trading TipsThe New York forex session is one of the most liquid forex trading sessions. When the US session overlaps with the London forex market session it is considered to be the most liquid period of the day.
Read more »
Japan’s Nishimura: Not able to comment on forex levels, although prefer stabilityJapanese Trade and Economy Minister Yasutoshi Nishimura said on Tuesday, he would prefer stability in forex rates. Key quotes “Not able to comment on
Read more »
GBP/USD Forex Signal: Steady as Brainard Points to Fed PivotThe GBP/USD rally stalled ahead of a pivotal week for sterling and UK markets.
Read more »