What you might want to know on Wednesday, February 10: The American greenback fell towards most main rivals, as soon as once
What you might want to know on Wednesday, February 10:
The American greenback fell towards most main rivals, as soon as once more shifting alongside US Treasury yields. Authorities bond yields eased additional after peaking early on Monday at recent multi-month highs, as traders await for information associated to a brand new US stimulus bundle.
The EUR/USD pair neared 1.2120, whereas GBP/USD surged previous 1.3800, its highest since April 2018. The motion was purely pushed by easing US Treasury yields, weighing on the buck.
Commodity-linked currencies additionally superior towards the greenback, with the CAD lagging and the AUD approaching this yr’s excessive. With the buck nonetheless below strain because the US session involves an finish, likelihood is of additional declines forward.
Gold flirted with 1,850 however trimmed most of its intraday features to shut at $1,836.60 a barrel. Crude oil costs posted modest intraday advances, with WTI ending the day at $58.30 a barrel.
Equities traded blended, however held round their opening ranges, as traders await for a considerable catalyst.
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