EUR is in Correction Up
#market_pulse #currencies
☕️ Dollar Ascendant as Surging US Yields Spur Safety Bid
▫️ Dollar: The dollar scaled a two-week peak against major peers on Thursday, as a rout in Treasuries improved the currency's allure due to higher U.S. yields and demand for safe haven assets. The dollar index reached 105.17, the highest since May 14.
▫️ Euro: The euro slipped to $1.079375 for the first time since May 14, extending its losses.
▫️ Pound Sterling: Sterling sank to $1.2696, continuing its retreat after reaching $1.2801 on Tuesday for the first time since March 21.
▫️ Japanese Yen: The yen climbed off an overnight four-week low of 157.715 per dollar to last trade at 157.36. Despite higher Japanese bond yields, the yen remains weak amid suspected intervention and rising U.S. yields.
▫️ Australian Dollar: The Aussie eased to $0.6653, retreating from recent highs even after Australian inflation unexpectedly rose to a five-month high in April.
▫️ New Zealand Dollar: The kiwi slipped to $0.6122, also pulling back as U.S. rate cut expectations were dialed back.
▫️ Swiss Franc and Chinese Yuan: The Swiss franc touched its lowest since April 2023 at 0.9928 per euro. The yuan weakened to 7.24 per dollar, its lowest since early May.
▫️ Treasury Yields: A two-day, 15-basis point jump above 4.6% for long-term Treasury yields spooked investors, sending global equities sliding sharply and spurring a rush to safe haven assets.
▫️ Market Outlook: Revised U.S. GDP figures are due later today, followed by the release of the Personal Consumption Expenditures (PCE) price index on Friday, the Fed's preferred measure of inflation.
👀 Key Developments to Watch:
Revised U.S. GDP figures later today
PCE price index release on Friday
Tokyo CPI on Friday
Japan's finance ministry data on intervention size
💵💵💵
GET $20,000 JUST FOR $99 *** PERFECT20 (promo code)
☕️ Dollar Ascendant as Surging US Yields Spur Safety Bid
▫️ Dollar: The dollar scaled a two-week peak against major peers on Thursday, as a rout in Treasuries improved the currency's allure due to higher U.S. yields and demand for safe haven assets. The dollar index reached 105.17, the highest since May 14.
▫️ Euro: The euro slipped to $1.079375 for the first time since May 14, extending its losses.
▫️ Pound Sterling: Sterling sank to $1.2696, continuing its retreat after reaching $1.2801 on Tuesday for the first time since March 21.
▫️ Japanese Yen: The yen climbed off an overnight four-week low of 157.715 per dollar to last trade at 157.36. Despite higher Japanese bond yields, the yen remains weak amid suspected intervention and rising U.S. yields.
▫️ Australian Dollar: The Aussie eased to $0.6653, retreating from recent highs even after Australian inflation unexpectedly rose to a five-month high in April.
▫️ New Zealand Dollar: The kiwi slipped to $0.6122, also pulling back as U.S. rate cut expectations were dialed back.
▫️ Swiss Franc and Chinese Yuan: The Swiss franc touched its lowest since April 2023 at 0.9928 per euro. The yuan weakened to 7.24 per dollar, its lowest since early May.
▫️ Treasury Yields: A two-day, 15-basis point jump above 4.6% for long-term Treasury yields spooked investors, sending global equities sliding sharply and spurring a rush to safe haven assets.
▫️ Market Outlook: Revised U.S. GDP figures are due later today, followed by the release of the Personal Consumption Expenditures (PCE) price index on Friday, the Fed's preferred measure of inflation.
👀 Key Developments to Watch:
Revised U.S. GDP figures later today
PCE price index release on Friday
Tokyo CPI on Friday
Japan's finance ministry data on intervention size
💵💵💵
GET $20,000 JUST FOR $99 *** PERFECT20 (promo code)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.