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.
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