Here's what you'll want to know on Tuesday, June 16: The greenback swung at equities’ rhythm this Monday. The dollar benefit
Here’s what you’ll want to know on Tuesday, June 16:
The greenback swung at equities’ rhythm this Monday. The dollar benefited from safe-haven demand all through the primary two classes of the day, amid considerations of a second wave of coronavirus contagions in some US states and Chinese language cities. Through the US session, nonetheless, the Fed introduced it could start shopping for a broad, diversified portfolio of company bonds, sending Wall Road properly into the inexperienced and the greenback down.
US Treasury yields completed the day little modified, trimming early losses as Wall Road recovered. Nonetheless, considerations stay within the background.
The EUR/USD pair retook the 1.1300 degree, settling at 1.1315. The GBPUSD pair flirted with 1.2600 however remained beneath the extent, because the UK and the EU confirmed there wouldn’t be an extension to the transition interval past December 31.
Commodity-linked currencies superior in opposition to the dollar, boosted by equities.
Gold costs closed the day unchanged, reverting an early droop. Crude oil costs edged greater, backed by equities.
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