Today we are seeing a retreat in the USD, so the trend from Friday continues, with lower bond yields still present today. Equities opened strong, with
Today we are seeing a retreat in the USD, so the trend from Friday continues, with lower bond yields still present today. Equities opened strong, with the French CAC 40 index reaching a new record high of 7,400 before the gains eased off. However, the overall sentiment is now more cautious as we approach US trading.
Despite the lower yields, the dollar remained mostly unaffected and actually strengthened against the Chinese yuan during Asian trading. This was due to China’s announcement of a lower-than-anticipated GDP target for the year, set at 5%.
AUD/USD
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