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The greenback is continuous to shrug off the prospect of falling Treasury yields as it might appear different main currencies are faring a lot worse amid markets aggressively pricing in fee cuts by central banks. Essentially the most evident case is the euro, which has fallen for six straight days now towards the dollar.
And as equities additionally look to snap their run of features this week, commodity currencies are discovering it robust to get something going. AUD/USD is down 0.2% to 0.6530 after seeing features yesterday dissipate with worth nonetheless holding beneath the 200-day shifting common at 0.6575 at the moment.
The yen is a notable mover as we speak, helped out by Ueda’s remarks earlier. However once more, the BOJ is in a race towards the clock so it stays to be seen if they will observe via come March to April subsequent 12 months.
To this point as we speak, Treasury yields are sitting greater however that comes after one more drop within the day earlier than. In the meantime, inventory futures are extra tepid after a subdued exhibiting in Wall Avenue yesterday. It is all setting as much as be a little bit of a slower paced session in Europe later, not least with markets eyeing the US jobs report tomorrow for probably the most half. That would be the primary occasion left for buying and selling this week.
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