In yesterday's trading, the 10-year Treasury yield fell about 13 basis points to about 4.65% as investors sought safe haven assets. The conflict between Hamas and Israel remains tense, with investors worried about more instability in the near future.
Investing said comments from Federal Reserve officials caused investors to underestimate the possibility of further interest rate hikes, causing U.S. Treasury yields to fall further. Dallas Fed President Lori Logan said there may be little need to raise rates, and Vice President Philip Jefferson acknowledged he was cautious about raising rates further. . Or Atlanta Fed President Rafael Bostic said the central bank doesn't need to raise rates any further...
Meanwhile, the international euro rose slightly to the level of 1 euro = 1.0598 dollars. However, there is speculation that the European Central Bank (ECB) has ended its interest rate hike cycle, and the current price rise is seen as unstable.
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