Versus the 3 major currencies - the EUR, JPY and GBP - the USD is also higher with the gain vs the JPY at 0.60%, the EUR 0.44% and the GBP by 0.30%. IN the video above, I take a look at the technical levels that are in play for each and explain why.
Trump also announced an additional 10% tariff on BRICS-aligned countries, criticizing their “anti-American” stances and efforts to reduce reliance on the U.S. dollar.
Oil prices were little changed after OPEC+ announced a larger-than-expected August output hike of 548,000 bpd. With another increase possible in September, markets are worried about oversupply as earlier production cuts are gradually reversed.
Dow industrial average +12 pointsS&P -14.35 pointsNasdaq -80.02 points.
In the US debt market, the yields are mixed with the shorter end lower and the longer end higher:
2-year yield 3.871%, -1.0 basis points5-year yield 3.935%, +0.2 basis points10 year yield 4.361%, +2.2 basis points30 year yield 4.91%, +3.6 basis points This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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