Elsewhere, S&P 500 futures are down 3% and in Europe we're seeing the DAX down by nearly 5% and CAC 40 down by 4%. As crazy as it sounds, we're getting so close to talking about the DAX erasing all of its gains for the year when at some point last month it was up by close to 18% year-to-date. Baffling.
In other markets, gold is one of the biggest beneficiaries here as the precious metal has surged up from around $3,090 to $3,133. It is up 0.6% now after having been down by around 1% at the lows earlier in the session.
Meanwhile, 10-year Treasury yields are also hammered down to 3.878% currently - down 16 bps on the day. For some context, yields touched a high of 4.40% just last Thursday. So, we're seeing it down by over ~53 bps from the highs in just a little over a week.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about risk off flows intensify ahead of us trading was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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